Decentralized finance (DeFi) platform Summer.fi will officially shut down after a recent $6 million exploit left the project without enough resources to continue operating. The five-year-old protocol confirmed that its application will remain accessible until August 31, giving users time to manage their assets before the service is discontinued. In a blog post, the team said the broader decline in the DeFi sector, combined with the impact of the July 6 exploit, made it impossible to sustain operations. It also pointed to the aftermath of the Stream Finance incident in October 2025, describing… Read more
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