Summer.fi has reportedly been exploited, with nearly $6 million drained so far. Blockaid flagged the exploit in a post on X on Monday.
The security company published the attacker’s address, exploit nodes, and affected Lazy Summer contracts.
DeFi protocol Summer.fi reportedly loses $6 million in active exploitation
Siege It said its detection system detected the incident on Monday morning, and estimated losses at about $6 million at that point. The company highlighted the on-chain addresses associated with the attack.
- Scalper address: 0x7BF716167B48CF527725722C6d79494b45B3BDCa
- Exploit contract: 0x0514F827C129C16418a0933E03C99A6AF982FC61
- Affected Summer.fi / Lazy Summer contracts:
- 0x98C49e13bf99D7CAd8069faa2A370933EC9EcF17
- 0xA9ca4909700505585B1aD2a1579dA3b670FFA9c4
- 0xE9cDA459bED6dcfb8AC61CD8cE08E2D52370cB06
Security firm PeckShield identified the main affected vault as LazyVault_LowerRisk_USDC (LVUSDC), which is managed by risk firm Block Analitica. Company He said that the basement The APY offered briefly rose to around 2.08 million%.
“The largest current holder is 0x8741e8f…4130, which appears to be associated with Torben Jorgensen (UDHC), and he has deposited approximately US$8.6 million in this vault,” the post read.
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Summer.fi, formerly known as Oasis.app, is the front-end for the Lazy Summer Protocol, an on-chain storage system that automatically routes deposits through DeFi revenue streams like Aave and Morpho.
The network’s native token SUMR was trading near $0.00193, down 5.3% over 24 hours. The move differed from the broader market, which rose more than 1% on the day.
This incident marks the second cryptocurrency exploit recorded in July, according to Word. DeFiLlama. A follows A series of attacks in Junewhen cryptocurrency platforms lost $75.87 million through 40 hacking operations, with the Humanity Protocol breach. Accounting for the largest loss.
BeInCrypto has reached out to Summer.fi for comment. This is a developing story.
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this post Hackers reportedly drained $6 million from DeFi protocol Summer.fi appeared first on BeInCrypto.
