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$LAZY WINDING DOWN AFTER $6.1M EXPLOIT 🚨
No trade signal available.
Summer.fi just confirmed what many suspected — the Lazy Summer protocol cannot recover from the July 6th attack. $6.1M gone, and a chunk of the team's own funds were sitting in the same exploited treasury. The app stays live until August 31st, and the DAO is scrambling to recover what's left from two affected treasuries.
That August 31st deadline is the real ticking clock — anyone with funds locked needs to move before the window closes. Are you still holding positions in $LAZY or did you get out?
Not financial advice. Always manage your risk.
#LAZY #DeFi #Exploit #WindDown #Crypto
💎
No trade signal available.
Summer.fi just confirmed what many suspected — the Lazy Summer protocol cannot recover from the July 6th attack. $6.1M gone, and a chunk of the team's own funds were sitting in the same exploited treasury. The app stays live until August 31st, and the DAO is scrambling to recover what's left from two affected treasuries.
That August 31st deadline is the real ticking clock — anyone with funds locked needs to move before the window closes. Are you still holding positions in $LAZY or did you get out?
Not financial advice. Always manage your risk.
#LAZY #DeFi #Exploit #WindDown #Crypto
💎
$SUMMER PROTOCOL SHUTS DOWN AFTER $6.1M TREASURY HACK 💀
The July 6 exploit drained $6.1M directly from Lazy Summer's treasury, with a significant portion of team operational funds also trapped inside the same vault. Summer.fi has confirmed there is no feasible path forward and will wind down operations gradually.
The app remains accessible until August 31, but the DAO is now racing to recover funds from two exploited treasuries. With core team resources severely depleted, the probability of full recovery is low.
Are you still holding any positions that depend on this protocol's continued operation?
Not financial advice. Always manage your risk.
#SUMMER #DeFi #Exploit #WindDown #CryptoNews
🔥
The July 6 exploit drained $6.1M directly from Lazy Summer's treasury, with a significant portion of team operational funds also trapped inside the same vault. Summer.fi has confirmed there is no feasible path forward and will wind down operations gradually.
The app remains accessible until August 31, but the DAO is now racing to recover funds from two exploited treasuries. With core team resources severely depleted, the probability of full recovery is low.
Are you still holding any positions that depend on this protocol's continued operation?
Not financial advice. Always manage your risk.
#SUMMER #DeFi #Exploit #WindDown #CryptoNews
🔥
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