SecurityCoinDeskabout 1 hour ago
Tokenized Google stock inflated 7,700% in rare DeFi lending exploit
1 min read
Edel Finance paused its lending protocol after an attacker manipulated the wGOOGLx to GOOGLx exchange rate, inflating collateral 78 times and creating $403,000 in bad debt. Chainlink oracles correctly reported Alphabet's share price. Edel will absorb losses, is rolling out a redesigned version-two system, and offered the attacker a white-hat settlement.
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