Wise Lending reportedly suffered an exploit on Friday in the latest cybersecurity breach in the decentralized finance (DeFi) space. PeckShield Inc., a blockchain security and data analytics company, reported that Wise may have suffered a significant loss of approximately 177 ETH, about the market price of $464,000.
PeckShield’s initial investigation revealed that the exploit was due to a flaw in the share accounting logic of Wise Lending. The flaw is tied to a precision issue that enabled the draining of market funds, as per the firm.
Meanwhile, Wise Lending is yet to respond to the incident at press time.
The security firm explained that the attackers manipulated a near-empty market, PLP-stETH-Dec2025, to artificially inflate the share price. Once inflated, they proceeded to borrow most of the funds from the lending markets.
The @Wise_Lending market was exploited today, resulting in ~177 ETH loss (~$464K).
Our initial analysis shows the share accounting logic is flawed with a precis
We współpracy z: https://coingape.com/just-in-defi-security-suffers-another-hit-with-wise-lending-hack/
