Prices of tokenized Google stock inflated 7,700% in rare DeFi lending exploit

Tokenized equities trading platform Edel Finance paused its lending protocol on Tuesday after an attacker exploited how it priced a tokenized stock, borrowing against collateral inflated to roughly 78 times its true value and leaving about $403,000 in bad debt, the team said.

An Update from the Edel Team



Earlier today, Edel identified and contained an exploit affecting Edel Lending.



The exploit involved manipulation of the wrapped xStocks exchange rate between wGOOGLx and GOOGLx, causing wGOOGLx collateral to be valued at approximately 78x its… — Edel Finance (@edeldotfinance) July 1, 2026

The target was a tokenized version of Alphabet's Google stock. Edel Lending accepted wGOOGLx, a wrapped form of the tokenized share GOOGLx, as collateral.

A wrapped token is a version of an asset repackaged to work inside a particular protocol, and it is meant to track the underlying asset one for one. The attacker manipulated the exchange rate between the two so that wGOOGLx was valued at about 78 times what it should have been, then used that phantom collateral to borrow real assets from the protocol.

The pricing itself was not the weak point. Edel said it used Chainlink oracles, the standard third-party services that feed real-world prices onto a blockchain, and those were reporting the correct Google share price of around $357.

The flaw was in the wrapping mechanism. The attacker interfered with how GOOGLx converted to and from wGOOGLx, so the collateral was mispriced even though the underlying price feed was accurate.