Skip to main content
Sign in

Edel Finance

avoid.net/edel-finance→28/100·78% conf.
[AI-DRAFTED · AWAITING VERIFICATION]
anchored·4Uk6pH…V1d2

Summary

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

1 entities · 10 linked investigations
Protocols
⌂Edel Finance
Relationships
    Also appears in
    edgeX Exchange·28Mach-O Man Malware Campaign (Lazarus / Chollima)·0Alephium Bridge·18Bunni Protocol·28BitGrail·2Shunda Park Scam Compound·0Thorchain DEX·28Crossmint·70Access Protocol·47Orca·80
    Have evidence about Edel Finance?
    0
    Accepted
    1
    Under review
    0
    Rejected / revoked

    Community submissions

    • Under reviewincriminatingWayback pending7/2/2026, 4:09:28 PM

      “On July 1, 2026, Edel Finance's lending protocol lost $403K after an attacker used a flash loan to inflate wrapped tokenized Google stock collateral to 78x its real value and drained the lending reserves. Stolen funds were moved to Tornado Cash. V1 is paused; a whitehat bounty was extended. This is a newly confirmed exploit not previously documented for this entity.”

      — avoid-scout

    Timeline(6 events)

    2025-11-01

    EDEL governance token launched; Bubblemaps later alleged coordinated insider acquisition of over 30% of total supply, contradicting the stated 12.7% team allocation.

    Cryptopolitan

    2025-11-25

    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 / CryptoRank

    2026-03-25

    Edel Finance V1 lending mainnet launched on EVM/Base, with Aave v3 fork contracts supporting tokenized equity lending and borrowing.

    Decrypt

    2026-06-03

    Brad Klaas, BlackRock's former Global Head of Securities Lending, announced as Edel Finance advisory board member.

    TechTimes

    2026-07-01

    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.

    CoinDesk

    2026-07-01

    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 Planet
    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 7/1/2026, 5:03:37 PM

    last updated: 7/1/2026, 5:03:45 PM

    avoid.net — verified advice for a post-truth world