Edel Finance (2026) — Crypto Hack
ExploitedFlash-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.
Summary
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.
How It Was Compromised — Oracle via Flash Loan / Exchange Rate Manipulation
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.
Fund Flow & Laundering Analysis
Attack routed through Tornado Cash. No recovery reported at time of writing.