Summer.fi to shut down following $6.1M hack

DeFi protocol Summer.fi announced through its official channels that it is phasing out operations after suffering a $6.1 million hack. The project, which rebranded from Oasis.app, a front-end for MakerDAO's (MKR) DAI stablecoin loans, stated that after a review, it found no realistic way to continue operating due to the direct losses from the attack.