The Lazy Summer Protocol operated by Summer.fi has paused all vaults and set deposit caps to zero across networks after an active exploit was identified.
According to the blockchain security firms PeckShieldAlert and CertiKAlert, the protocol has been exploited for around $6 million.
CertiK says the hacker exploited the protocol’s flash loan smart contracts, enabling a redemption of $70.9 million following a $64.8 million deposit.
PeckShield reported a record $4.04 billion lost to cryptocurrency hacks and scams combined in 2025, up 34.2% from $3.01 billion in 2024.
That breaks down to approximately $2.67 billion from direct hacks/exploits and $1.37 billion from scam-related activity.
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Featured Image: Shutterstock/prodigital art/Natalia Siiatovskaia
