@emmanueldmeastr0
A DeFi lending protocol just got exploited through tokenized Google stock.
The attacker inflated $GOOGL collateral by 7,700% and borrowed real assets against phantom value.
This is the first exploit of its kind and it won't be the last.
🧵
https://www.coindesk.com/tech/2026/07/01/tokenized-google-stock-inflated-7-700-in-rare-defi-lending-exploit
https://www.theblock.co/
Here's exactly what happened at @edeldotfinance:
Edel's lending protocol accepts wGOOGLx,a wrapped form of tokenized Google stock as collateral.
An attacker found a flaw in how wGOOGLx converts to and from GOOGLx.
They manipulated that exchange rate to make 1x of collateral read as 78x.
The critical detail most reports are missing:
The price oracle wasn't broken. @chainlink feeds correctly reported Alphabet's real share price the entire time.
The vulnerability was in the wrapping mechanism itself not the data feed.
Two different layers. Two different attack surfaces.
The exploit hit the one nobody was watching.
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