Security Incident
Lazy Summer Protocol Smart Contract Vulnerability: $6.04M Reported Loss
Lazy Summer Protocol (under Summer.fi) USDC vaults were exploited due to NAV/share price calculation flaw.
- Reported loss
- $ 6,040,000
- Attack category
- Smart Contract Vulnerability
Incident Overview
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
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.