The attacker reportedly used a $65.4 million flash loan to gain a $70.9 million redemption on Summer.fi's Lazy Summer Protocol.

Blockaid flagged an active exploit on Summer.fi on July 6, with approximately $6 million in DAI drained from Ethereum contracts identified on-chain.

The attacker reportedly used a $65.4 million flash loan to gain a $70.9 million redemption on Summer.fi's Lazy Summer Protocol.

The protocol’s SUMR token fell by over 18% over the incident.

Summer Finance pauses vaults after a $65 million flash loan exploit. Security firms Certik and Cyvers track the multi-step accounting attack.