On July 1, GoPlus Security Alert: 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.
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Edel Finance Stock Tokenization Platform Attacked, Losses Approximately $403,000
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