Edel Finance exploited for $403K via tokenized Google stock price manipulation
A flash-loan attacker inflated the wGOOGLx-GOOGLx exchange rate about 78x, borrowing $403,000 against overvalued tokenized Alphabet shares on Edel Lending; the team paused V1 contracts, pledged to absorb the bad debt, and the exploiter routed proceeds to Tornado Cash.
DeFi Intel is an entity-graph aggregator: we curate, tag and link crypto news to a typed knowledge graph of protocols, tokens, people and incidents. We do not republish the full article body. Use the link above to read the original report at CoinDesk.
Want the full article?
Continue reading on CoinDesk →