Digital Asset
Intelligence
Security Incident

Lazy Summer Protocol Smart Contract Vulnerability: $6.04M Reported Loss

·Historical incident record

Incident Overview

Lazy Summer Protocol (under Summer.fi) USDC vaults were exploited due to NAV/share price calculation flaw. The attacker used flash loans and pre-accumulated overvalued Silo tokens to inflate vault NAV (~9.5%), redeeming at inflated price and extracting ~$6.04M from other depositors.

Sources & References

Original incident referencehttps://x.com/summerfinance_/status/2074214443261509721 (opens in a new tab)

This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.

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