On Monday, July 6, the DeFi protocol Summer Finance was hit by a sophisticated flash loan and price manipulation attack, resulting in an estimated loss of $6 million. Security Firms Flag Breach Blockchain security firms reported Monday, July 6, a major security breach targeting Summer Finance, a decentralized finance ( DeFi) yield optimization protocol. According […]
Source: https://news.bitcoin.com/summer-finance-pauses-vaults-after-65-4m-flash-loan-attack-triggers-6m-loss/
