The Lazy Summer protocol operated by Summer.fi temporarily halted all vaults and set maximum deposits to zero across networks after learning of an active exploit.
According to blockchain security companies PeckShieldAlert and CertiKAlert, the protocol has been implemented exploited For about $6 million.
CertiK says the hacker exploited the protocol’s flash loan smart contracts, allowing $70.9 million to be recovered after a $64.8 million deposit.
PeckShield reported a record loss of $4.04 billion due to combined cryptocurrency hacks and fraud in 2025, up 34.2% from $3.01 billion in 2024.
This breaks down into approximately $2.67 billion from direct hacks/exploits and $1.37 billion from fraud-related activities.
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Featured Image: Shutterstock/Digital Art/Natalia Siatovskaya
