🚨 Summer Finance suffered a flash loan attack on July 6, resulting in losses of more than $6 million. Beosin Security Team has conducted a detailed analysis of the exploit, covering: 🔹 How donated, illiquid vault shares were used to manipulate NAV 🔹 How the attacker minted shares before the manipulation and redeemed them at an inflated price 🔹 How the vault’s liquid assets were drained 🔹 The subsequent movement of the stolen funds, including transfers to Tornado Cash This incident highlights the risks of relying on asset valuations that do not properly account for liquidity, redeemability, and donation-based manipulation. 👇 Read the full technical analysis to learn more about the attack process, root cause, and fund flow.(Beosin 🛡 Web3 Security & Compliance)