Tokenized Google Stock Inflated 7,700%: DeFi Lending Just Found Its Synthetic-Equity Nightmare
Tokenized Google stock spiked 78x on Edel Finance, creating ~$403k bad debt while oracles held and wrapper pricing failed. The fallout for DeFi lenders.
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Tokenized Google stock spiked 78x on Edel Finance, creating ~$403k bad debt while oracles held and wrapper pricing failed. The fallout for DeFi lenders.
Edel Finance loses $403K to a flash-loan oracle exploit. V1 remains paused as Edel pledges full 1:1 depositor restoration. Edel Finance lost roughly $403,000 after an attacker manipulated an on-chain price oracle. Blockchain security firm Blockaid flagged the exploit as it unfolded. The attacker used a flash loan to distort the exchange rate between two […] The post Edel Finance Exploit Exposes Oracle Weakness, Leaves $403K Hole appeared first on Live Bitcoin News.