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Morning Edition · Wednesday, July 8, 2026Published at 1:13 AM EDT · New York
SummerFi Lending Vault Loses About $6 Million to a Net-Asset-Value Inflation Exploit
The attack manipulated the vault's share accounting, part of a steady run of DeFi losses and off-chain enforcement actions logged this week.
An attacker drained about $6 million from lending vaults operated by Summer.fi, the decentralized-finance protocol also known as Lazy Summer, which paused the affected vaults on July 6, according to a proof-of-concept published by DeFiHackL…
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Bridge and Mint Exploits Sustain Heavy DeFi Losses
Over 3-6 months, recurring bridge proof-validation and unauthorized-mint exploits keep monthly DeFi losses elevated, including drains of deprecated contracts.
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