Edel Lending Market Hit by Attack Involving wGOOGLx Collateral Price Manipulation

Edel’s lending market was attacked after an exploiter manipulated the collateral price of wGOOGLx, resulting in about $204,000 being stolen through borrowing. According to Foresight News, CertiK monitoring indicated the attacker influenced wGOOGLx’s collateral valuation, which depended on its GOOGLx balance. CertiK said the manipulated pricing mechanism enabled the attacker to extract funds via lending activity.