Edel Finance Hack 2026 — $403K Exploit Analysis

Flash-loan-assisted exchange-rate manipulation between GOOGLx and wGOOGLx on Edel's xStock lending market inflated collateral 78x, opening ~$403K of bad debt; routed through Tornado Cash.

Details

Full Description

On July 1, 2026, a flash-loan-assisted exchange-rate manipulation between GOOGLx and wGOOGLx on Edel's xStock lending market inflated collateral 78x, opening approximately $403K of bad debt. The attack was routed through Tornado Cash. This incident was part of a pattern of 2026 DeFi losses pivoting on stale oracle data or overvalued collateral.

Laundering Analysis

Attack routed through Tornado Cash. No recovery reported at time of writing.

Sources

Transaction Hashes

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