POPA ReconSummer Finance exploited for $6M
Summer Finance exploited for $6M Summer Protocol, an AI-keeper yield optimizer that auto-rebalances deposits across lending platforms, was drained this morning. The attacker took a $65.4M flash loan, deposited $64.8M, and walked out with a $70.9M redemption by manipulating how the FleetCommander contract counted vault assets. Pre-accumulated shares of the Silo Varlamore USDC vault and "donated" them mid-transaction to inflate total assets. The $6M profit was swapped to DAI and moved to an attacker-controlled address. The team has confirmed the exploit, and protocol guardians are pausing al…
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