Woofun AI reports that Edel Finance has confirmed the absorption of approximately $403,000 in bad debts resulting from a recent protocol exploit. The lending platform suspended all Edel V1 contracts upon detecting the anomaly, with operations including withdrawals scheduled to resume within 48 hours. The team guaranteed that users would incur no losses, committing to restore affected depositor balances on a 1:1 basis while coordinating with ecosystem partners to trace the attacker's transactions. A formal white-hat settlement proposal was submitted, demanding the return of remaining funds in exchange for a security bounty. The incident involved an attacker manipulating the wGOOGLx collateral price mechanism to steal roughly $204,000 through borrowing.