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Summer.fi Vault Exploit Costs $6M | Bitcoin and Crypto News
Published 1 week, 1 day ago
Description
DeFi protocol Summer.fi hit pause on its Lazy Summer vaults after a $6M exploit—hackers used flash loans to manipulate USDC accounting and cash out massive sums. The blowback? SUMR token plummeted 18%, a brutal wake-up call for automated yield platforms.
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