News linked to both this project and an event.
Summer.fi announced that following the attack on the Lazy Summer protocol on July 6, the team assessed that there was no viable path to continue business operations, and therefore will gradually cease operations.
According to official sources, Summer.fi released a post-mortem stating that on July 6, the attacker manipulated the share prices of two Lazy Summer USDC vaults by injecting overvalued Silo tokens into an offline Ark still included in the NAV, and extracted approximately $6.04 million in a single atomic transaction.
According to official announcements, Summer.fi released a security notice stating that the team discovered an active vulnerability affecting Lazy Summer Protocol earlier today. As a precautionary measure, Guardians have paused all vaults and set deposit limits to zero across all networks. The incident is currently under assessment, and the team advises users not to interact with the protocol until further notice. A full update will be published as soon as possible.