Wise Lending, a Web3 lending app, suffered a significant exploit resulting in the loss of 170 Ether ($440,000). The attacker manipulated oracle prices using a flash loan and unverified contract, highlighting ongoing vulnerabilities in decentralized finance. This incident adds to the growing list of DeFi exploits, with over $5 million lost in 2024 alone, escalating concerns about the security of blockchain-based financial platforms.
