A Tokenized-Stock Exploit Caps a Costly Quarter for DeFi Security

An attacker inflated wrapped-equity collateral by roughly 78 times to steal about 400,000 dollars, one entry in a quarter that tracked more than 780 million dollars in known losses.

Edel Finance, a lending protocol built around tokenized equities, lost roughly 400,000 dollars in an exploit that a security proof-of-concept dated July 1 reconstructs at about 204,000 dollars of stablecoin extraction. The root cause was pr…