Summer Finance Pauses Vaults After $65.4M Flash Loan Attack Triggers $6M Loss

Blockaid detected an active exploit that has drained about $6 million from Summer.fi. Summer.fi has not disclosed the exploit’s cause or confirmed affected user vaults yet. The attack underscores growing security risks facing institutional-focused DeFi platforms. Summer.fi has suffered a security exploit that has drained about $6 million, according to blockchain security firm Blockaid. The […] The post Summer.fi Exploit Drains $6M as Blockaid Detects Ongoing Attack appeared first on Live Bitcoin News.

Sui has crossed the $1 billion total value locked mark on DeFiLlama, giving the Move-based network a clearer claim to serious DeFi liquidity. TL;DR This article was written by the News Desk and edited by Samuel Rae .

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DeFi vault platform Summer Finance was drained of roughly $6 million on Monday in an exploit that security firm Blockaid said its detection system flagged as it was unfolding. Blockaid posted the exploit transaction, the attacker's address and the affected Lazy Summer contracts within minutes of…

Paradex's enhanced bug bounty program underscores a strategic shift towards robust security, potentially setting new standards in DeFi safety. The post Paradex launches bug bounty program with up to $500K in rewards appeared first on Crypto Briefing.

SUI July unlocks and DeFi base around $440M TVL set the tone for Q3. Routine community emissions near 64M SUI/month test whether on-chain demand can absorb supply.

Summer Finance lost around $6 million in a flash loan exploit.