Edel Finance
Last changed 2026-11-02 · Fact-check review — Fact-check review (verdict: revise): the reviewer checked the page's claims against its sources; the trust score was recalculated from the page's findings, 27 → 49. Version history →
Why this score
| Every page starts at | 65 |
| Incidents it suffered (e.g. hacks) | -20 |
| Problems around it, caused by others | -1.5 |
| Recent unresolved incident | -4.8 |
| Sum | 39 |
- 3 sections set aside: the claims did not hold up in a fact-check, pending correction.
Score: 49/100 (kept between 0 and 100)
How scoring works →Page reliability: Fact-checked 2026-11-02 · 6 of 11 claims confirmed · 4 need better sources · 1 disputed
anchored·4Uk6pH…V1d2Summary
Edel Finance is a decentralized lending protocol for tokenized equities, built as an Aave v3 fork on the Base/EVM network with an institutional Canton Network component, that launched mainnet on March 25, 2026. On July 1, 2026, the protocol suffered a flash-loan oracle manipulation exploit that drained approximately $403,000 from its xStock lending reserves, with stolen funds routed immediately to Tornado Cash. The protocol had also faced prior controversy in November 2025 over alleged insider acquisition of more than 30% of the EDEL token supply, contradicting stated tokenomics.
Connected Entities
6 entities · 60 linked investigations- Ondo Finance→mentioned with→Binance(60%)
- Edel Finance→mentioned with→Canton Network(80%)
- Edel Finance→mentioned with→Ondo Finance(80%)
- Edel Finance→mentioned with→Aave(70%)
- Edel Finance→mentioned with→Chainlink(60%)
- Edel Finance→mentioned with→Binance(60%)
- Aave→mentioned with→Chainlink(60%)
Connected Through
5 shared actors · 512 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Binanceorganization
- □Chainlinkorganization
- □Aaveorganization
- ⌂Ondo Financeprotocol
2 submissions awaiting moderator review.
Timeline(6 events)
November 2025
EDEL governance token launched; Bubblemaps later alleged coordinated insider acquisition of over 30% of total supply, contradicting the stated 12.7% team allocation.
Cryptopolitan25 November 2025
Bubblemaps published blockchain analysis alleging insider sniping of the EDEL token supply; co-founder James Sherborne issued a rebuttal. EDEL token declined approximately 62% in market cap within a week.
Cryptopolitan / CryptoRank25 March 2026
Edel Finance V1 lending mainnet launched on EVM/Base, with Aave v3 fork contracts supporting tokenized equity lending and borrowing.
Decrypt3 June 2026
Brad Klaas, BlackRock's former Global Head of Securities Lending, announced as Edel Finance advisory board member.
TechTimesJuly 2026
Flash-loan oracle manipulation exploit drains approximately $403,000 from Edel Finance V1 xStock lending reserves. Attacker inflated wGOOGLx/GOOGLx exchange rate by approximately 7,700% (78x actual value), borrowed against phantom collateral, and routed all funds to Tornado Cash. TVL collapsed from approximately $630,000 to roughly $947.
CoinDeskJuly 2026
Edel Finance paused all V1 contracts, committed to absorbing $403,000 bad debt at 1:1 for depositors, extended whitehat settlement offer to attacker, and announced V2 development with redesigned oracle architecture.
AMBCrypto / DeFi PlanetDecision Log
- slot 464371716 · hash GqEnr5bzERWqeKo8KtWroePeiSDnPMWZ1ncWWGDw9d8g
- slot 464371710 · hash AkrHE4XoV99fMLVS7M3kmordJYUtjcBoKuFJZLxz1dk9
- slot 464371705 · hash 4nW1jbBqwLzjaJvxmH2CDPUt8YjgHQ3P6dSbhv7uZRTg
- slot 461965669 · hash Vc7a5izevf9hHEdP9SuSqWYikN6jvNdeCfMweDuqfrS
- slot 430133339 · hash BQtvn8tDP34BvrB3gEMxm84Dwf937sDFCVCw81cB1S4
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 13 of 13 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 7/1/2026, 5:03:37 PM
last updated: 11/2/2026, 5:06:53 AM
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