{"id":47277,"date":"2026-07-07T14:01:12","date_gmt":"2026-07-07T14:01:12","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=47277"},"modified":"2026-07-07T14:01:12","modified_gmt":"2026-07-07T14:01:12","slug":"6000000-drained-from-crypto-platform-in-flash-loan-exploit","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=47277","title":{"rendered":"$6,000,000 Drained From Crypto Platform In \u2018Flash Loan\u2019 Exploit"},"content":{"rendered":"

\"\"<\/p>\n

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.<\/p>\n

According to the blockchain security firms PeckShieldAlert and CertiKAlert, the protocol has been exploited<\/a> for around $6 million.<\/p>\n

CertiK says the hacker exploited the protocol\u2019s flash loan smart contracts, enabling a redemption of $70.9 million following a $64.8 million deposit.<\/p>\n

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.<\/p>\n

That breaks down to approximately $2.67 billion from direct hacks\/exploits and $1.37 billion from scam-related activity.<\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

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The post $6,000,000 Drained From Crypto Platform In \u2018Flash Loan\u2019 Exploit<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

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\u2019s flash loan smart contracts, enabling […]<\/p>\n","protected":false},"author":1,"featured_media":47278,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-47277","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\n$6,000,000 Drained From Crypto Platform In \u2018Flash Loan\u2019 Exploit - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=47277\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$6,000,000 Drained From Crypto Platform In \u2018Flash Loan\u2019 Exploit - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"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. 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