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.
You may also like
Facebook and Instagram under Meta (META.US) experienced outages affecting thousands of users in the US last Sunday.
Thousands of users in the United States were unable to access Meta’s social platforms Facebook and Instagram last Sunday.
The Nasdaq 100 rebalancing will take effect before the U.S. stock market opens on Monday, SpaceX (SPCX.US) weight significantly rises to 2.82%.
The Nasdaq 100 Index quarterly rebalancing will take effect before the US stock market opens on September 21 (Monday). The main change is that SpaceX (SPCX.US) will see its index weighting significantly increase from about 1.28% to 2.82%.
WTI falls to near $93.50 as Middle East diplomacy hopes ease supply fears
South Korea's exports in the first 20 days of September continued strong momentum, with chip exports soaring by 259%, remaining a key driver of growth.
Early September exports from South Korea help maintain strong momentum in the chip boom.
Crypto prices
More
