Edel Protocol Attack: How Digital Collapses While Stock Prices Stay Flat?

Decentralized finance (DeFi) lending protocol Edel disclosed a $403,000 exploit occurring in a layer attempting to use tokenized stocks as collateral.

According to the protocol, no depositor will be affected by this loss, and the team will absorb the bad debt to restore affected balances one-to-one. Additionally, to prevent a recurrence of such a…