Edel Finance Stock Tokenization Platform Attacked, Losses Approximately $403,000
On July 1, GoPlus Security : The stock tokenization platform Edel Finance was attacked, resulting in losses of approximately $403,000. The attacker manipulated the exchange rate between wGOOGLx and GOOGLx through repeated supply and borrow actions using a flash loan, inflating the value of the wGOOGLx collateral. Subsequently, the attacker borrowed more assets from the protocol, including 384,215 USDC, 122.20 wSPYx, 62.97 wQQQx, 293.12 wMSTRx, 99.85 wNVDAx, and 37.59 wTSLAx. The flash loan was eventually repaid, yielding a profit of approximately $305,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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