X @Wu Blockchain

According to Onchain Lens, the attacker used a 64.8 million USDC flash loan to exploit Summerfi by abusing the parent vault Fleet Commander’s trust in its Ark strategy contract. The exploit artificially inflated the Ark’s reported assets to about $7.14 million, allowing the attacker to redeem roughly 71 million USDC before repaying the flash loan and pocketing the profit. ...