#oracle-exploit

[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.