An attacker inflated tokenized Google stock collateral by 7,700% on Edel Finance, borrowing against phantom value and leaving the protocol with $403,000 in bad debt

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Chainlink reporting GOOG at ~$357 did not save Edel because the borrow engine trusted the wGOOGLx/GOOGLx share rate as collateral truth. This is the ERC-4626/cToken failure mode dressed up as tokenized equities: once a wrapper exchange rate can be pushed to 78x, every LTV, liquidation threshold and oracle check downstream is cleanly wrong. Edel's own follow-up points to EIP-01 adding governance over supported collateral and risk parameters after V1 was paused on July 1, 2026.

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An attacker inflated tokenized Google stock collateral by 7,700% on Edel Finance, borrowing against phantom value and leaving the protocol with $403,000 in bad debt

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Eigen Cloud founder outlines how Open Agentic independent researchers using AI agents surpassed Google's withheld quantum benchmark for breaking Bitcoin signatures in just 73 hours, advancing cryptography research in public

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