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Summer.fi pauses deposit funds after $6 million hack, causing token price drop

Summer.fi stopped its Lazy Summer deposit funds after hackers stole $6 million, causing big losses for users. The price of the protocol’s SUMR token fell over 18%, affecting investors and users relying on the platform.
DeFi protocol Summer.fi has paused its Lazy Summer vaults following a $6 million exploit. The protocol's SUMR token fell more than 18% after the incident. The news was reported by CoinDesk on July 6, 2026.

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