Edel said it detected and contained the exploit, then suspended all of its version 1 contracts, which remain frozen, and warned users not to interact with them.
The team added that it traced the attacker’s transactions and coordinated the exchanges, and offered the attacker a Whitehat settlement, an agreement that allows a hacker to return most funds in exchange for a fee and without legal action, within a defined window.
No depositor will suffer a loss, Edel noted, with the team absorbing bad debts and restoring balances one for one. It is rolling out a version two with a revamped pricing setup intended to block this type of manipulation, and has promised a full technical breakdown to follow.
Although the amount is small, the method belongs to one of the most persistent categories of exploits in DeFi.
Manipulating the price read by a protocol, rather than penetrating it, ranks as the second most common smart contract vulnerability in the OWASP Top 10 Smart Contract Vulnerabilities for 2025, and CertiK security researchers describe Oracle price manipulation as one of the most common attack vectors in this area.
Along with cross-chain bridges, which produced the largest thefts of the year, including the $292 million drained from Kelp DAO in April, price manipulation is where much of the money continues to flow, and in most of them, the code works as written.
