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Edel Finance Loses $204,000 in Attack Exploiting wGOOGLx Price Mechanism on July 1

Security Incidents

2026-07-01 01:46:04

According to CertiK Alert, lending market Edel Finance suffered an attack on July 1, with attackers stealing approximately $204,000. The attackers exploited a vulnerability in the wGOOGLx collateral pricing mechanism, which relied on the token's GOOOGLx balance. By manipulating this dependency, the attackers were able to borrow and drain funds from the protocol.

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