Flash
Stock tokenization platform EdelFinance suffered an attack and lost approximately $403,000
On July 1, GoPlus security alert: Stock tokenization platform EdelFinance was attacked and lost approximately $403,000. The attacker manipulated the xStocks exchange rate between wGOOGLx and GoOGLx through flash loans with repeated supplies and borrows, driving up the value of wGOOGLx collateral. The attacker then lent more other assets from the agreement, including 384,215USDC, 122.20wSPYx, 62.97wQQx, 293.12wMSTRx, 99.85wNVDax, and 37.59wTSLAx. The lightning loan was eventually repaid and a profit of approximately US$305,000.