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⚡ Summer Finance suffers a $6 million flash loan exploit
The DeFi protocol Summer Finance was affected by a flash loan exploit, resulting in an approximate loss of $6 million. After the attack, the protocol’s guardians paused all Vaults of the Lazy Summer Protocol, causing its SUMR token to drop by more than 18%.
#sumr
The DeFi protocol Summer Finance was affected by a flash loan exploit, resulting in an approximate loss of $6 million. After the attack, the protocol’s guardians paused all Vaults of the Lazy Summer Protocol, causing its SUMR token to drop by more than 18%.
#sumr
Summer.fi Halts Operations of Vault After $6 Million Attack
* The decentralized finance (DeFi) protocol Summer.fi has had to shut down its "Lazy Summer" vaults.
* The decision was made after the protocol was attacked, causing an estimated $6 million in losses.
* The incident caused Summer.fi’s native SUMR token to drop by more than 18% in value.
* The community is closely monitoring Summer.fi’s remediation and security measures.
#DeFi #Exploit #Summerfi #CryptoNews #SUMR
$sumr
vlikevn Titanbot
Source: CoinDesk
* The decentralized finance (DeFi) protocol Summer.fi has had to shut down its "Lazy Summer" vaults.
* The decision was made after the protocol was attacked, causing an estimated $6 million in losses.
* The incident caused Summer.fi’s native SUMR token to drop by more than 18% in value.
* The community is closely monitoring Summer.fi’s remediation and security measures.
#DeFi #Exploit #Summerfi #CryptoNews #SUMR
$sumr
vlikevn Titanbot
Source: CoinDesk
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