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Wise Lending V1

avoid.net/wise-lending-v1→22/100·78% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]

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anchored·5EnH82…Jnef

Summary

Wise Lending V1 is the first version of the Wise Lending decentralized lending and yield-aggregation protocol deployed on Ethereum, built from scratch by WiseSoft LLC and founded by Peter Girr. The V1 deployment suffered two confirmed on-chain exploits within approximately three months, losing an estimated $700,000+ in total user funds across both incidents, with no publicly documented recovery or compensation plan. ZachXBT has flagged the entity, and post-exploit TVL collapsed effectively to zero.

Connected Entities

1 entities
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□Wise Lending V1
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    Timeline(5 events)

    13 October 2023

    Wise Lending V1 suffers its first documented exploit: an alleged price manipulation attack resulting in an estimated $260,000 loss. No official post-mortem was published.

    12 January 2024

    Wise Lending V1 suffers a second flash loan and share price inflation attack. Attacker (0xb90cf1d740b206b6d80854bc525e609dc42b45dc) exploits a precision loss vulnerability in _calculateShares, draining approximately 177 ETH (~$440,000-$464,000). PeckShield attributes the loss to flawed share accounting logic.

    12 January 2024

    Wise Lending V1 TVL collapses to effectively zero following the exploit. Multiple tokens including USDC, USDT, DAI, WETH, and Pendle Finance-associated tokens are drained.

    21 February 2024

    Code4rena competitive audit of Wise Lending smart contracts begins, running through March 11, 2024. The audit subsequently identifies 5 high-severity and 17 medium-severity vulnerabilities across 44 contracts.

    11 March 2024

    Code4rena audit of Wise Lending concludes. Report published identifying 22 unique vulnerabilities (5 high, 17 medium) in 6,326 lines of Solidity code across 44 contracts.

    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain15 Wayback Archivessrc:defillama

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (1 event). 15 of 21 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 5/4/2026, 2:54:35 AM

    last updated: 8/30/2026, 5:14:08 AM

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