#flash loan

[rwatimes]

Edel Finance loses $403K as flash-loan oracle exploit hits xStock lending reserves

Edel Finance's $403K exploit triggered a TVL collapse and record outflows, raising fresh concerns over oracle security and liquidity recovery.

➤ Edel Finance suffered a $403,000 exploit due to a flash loan attack manipulating wrapped xStocks exchange rates, exposing oracle security weaknesses. ➤ The exploit led to a significant drop in Total Value Locked (TVL) and record outflows as users withdrew funds, highlighting a loss of confidence. ➤ Edel Finance's recovery hinges on restoring liquidity, rebuilding TVL, and strengthening risk management to regain user trust in its tokenized lending platform.

[rwatimes]

Edel Finance Exploit Exposes Oracle Weakness, Leaves $403K Hole

Edel Finance loses $403K to a flash-loan oracle exploit. V1 remains paused as Edel pledges full 1:1 depositor restoration.

➤ Edel Finance suffered a $403,000 loss due to a flash-loan exploit that manipulated an on-chain price oracle for tokenized stocks (wGOOGLx and GOOGLx). ➤ The attacker used the manipulated oracle to borrow against inflated collateral, creating bad debt on the protocol's V1 lending reserves, which have since been paused. ➤ Edel Finance has pledged to restore all depositor funds 1:1 and is deploying a V2 with a redesigned oracle architecture, while also offering a whitehat settlement to the attacker.

[waersdtfcgh]

Flash Loans, Explained Simply

Flash loans are loans you borrow and repay in the same transaction. If anything goes wrong, the loan never existed. That’s why they don’t require collateral but also why they’re hard to use. They’re powerful tools, just not designed for most people.

 https://cryptalend.com 

[wserdtfgvhbjnk]

Flash Loans, Explained Simply

Flash loans are loans you borrow and repay in the same transaction.

If anything goes wrong, the loan never existed.

That’s why they don’t require collateral but also why they’re hard to use.

They’re powerful tools, just not designed for most people.

 https://cryptalend.com 

[waersdtfcgh]

What Is Crypto-Native Capital Access?

Crypto-native capital access focuses on how capital is used, not how much collateral you lock. It introduces structured, controlled access to capital without smart contracts or overcollateralization.

 https://cryptalend.com 

[wserdtfgvhbjnk]

What Is Crypto-Native Capital Access?

Crypto-native capital access focuses on how capital is used, not how much collateral you lock. It introduces structured, controlled access to capital without smart contracts or overcollateralization.

 https://cryptalend.com 

[ominousaltarmeteor]

What Is Crypto-Native Capital Access?

Crypto-native capital access focuses on how capital is used, not how much collateral you lock. It introduces structured, controlled access to capital without smart contracts or overcollateralization.

 https://cryptalend.com 

[ominousaltarmeteor]

What Is Crypto-Native Capital Access?

Crypto-native capital access focuses on how capital is used, not how much collateral you lock. It introduces structured, controlled access to capital without smart contracts or overcollateralization.

Website: https://cryptalend.com