CoinDesk·3 min read·hard
DeFi protocol Summer.fi halts Lazy Summer vaults after $6 million exploit
F
Francisco Rodrigues
✦AI Summary
The DeFi protocol Summer.fi has paused its 'Lazy Summer' vaults following a $6 million exploit involving a flash loan attack. Security firms identified a code vulnerability that allowed the attacker to manipulate accounting logic and drain funds.
Lazy Summer is an automated yield platform that routes deposits across lending markets such as Aave and Morpho in search of higher returns while handling rebalancing on behalf of users.
cryptobusinesstechnology
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