Verify a decision

{"actor":"system:backfill","investigation_id":"2be6970d-5c14-4576-8833-168644e44eaf","kind":"publish","page_slug":"wise-lending-v1","published_at":"2026-05-30T11:48:04.228Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Wise Lending V1","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://docs.wise.one/wise-lending/wise_lending","type":"other","url":""},{"credibility":3,"name":"https://wisesoft.gitbook.io/wise/wise-lending","type":"other","url":""},{"credibility":3,"name":"https://medium.com/@devinmarty/wise-token-founder-peter-girr-attends-telegram-ama-with-gains-associates-transcript-242d28174141","type":"other","url":""},{"credibility":3,"name":"https://hashlock.com/bug-bounty/wise-lending","type":"other","url":""},{"credibility":3,"name":"https://defillama.com/protocol/wise-lending-v1","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://coincodecap.com/wise-lending-faces-440k-loss-in-suspected-flash-loan-exploit-of-crypto-assets","type":"other","url":""},{"credibility":3,"name":"https://www.cryptopolitan.com/wise-lending-loses-400000-flash-loan-attack/","type":"other","url":""},{"credibility":3,"name":"https://cryptorank.io/news/feed/62124-wise-lending-loses-400000-flash-loan-attack","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://cointelegraph.com/news/wise-lending-drained-440k-crypto-apparent-flash-loan-exploit","type":"other","url":""},{"credibility":3,"name":"https://blog.solidityscan.com/wise-lending-hack-analysis-f652f389e397","type":"other","url":""},{"credibility":3,"name":"https://medium.com/@astrasec/wiselending-hack-root-cause-analysis-1a2762f52298","type":"other","url":""},{"credibility":3,"name":"https://www.infect3d.xyz/blog/wise-lending-post-mortem","type":"other","url":""},{"credibility":3,"name":"https://blog.cobaltintelligence.com/post/wise-lending-suffers-464k-flash-loan-attack","type":"other","url":""},{"credibility":3,"name":"https://coingape.com/just-in-defi-security-suffers-another-hit-with-wise-lending-hack/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://code4rena.com/reports/2024-02-wise-lending","type":"other","url":""},{"credibility":3,"name":"https://code4rena.com/audits/2024-02-wise-lending","type":"other","url":""},{"credibility":3,"name":"https://hashlock.com/bug-bounty/wise-lending","type":"other","url":""},{"credibility":3,"name":"https://docs.wise.one/wise-references/100k_bug_bounty","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://defillama.com/protocol/wise-lending-v1","type":"other","url":""},{"credibility":3,"name":"https://coinpaper.com/3049/major-incidents-from-last-week-wise-lending-exploit-and-xai-token-rug-pull","type":"other","url":""},{"credibility":3,"name":"https://cointelegraph.com/news/wise-protocols-lose-38-9-m-jan-2024-exploits","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://beincrypto.com/avoid-crypto-scams-zachxbt-critical-checks/","type":"other","url":""},{"credibility":3,"name":"https://cointelegraph.com/news/wise-lending-drained-440k-crypto-apparent-flash-loan-exploit","type":"other","url":""},{"credibility":3,"name":"https://coingape.com/just-in-defi-security-suffers-another-hit-with-wise-lending-hack/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://lightyagamicrypto.medium.com/who-is-peter-girr-50ab6f4db6ed","type":"other","url":""},{"credibility":3,"name":"https://medium.com/@devinmarty/wise-token-founder-peter-girr-attends-telegram-ama-with-gains-associates-transcript-242d28174141","type":"other","url":""},{"credibility":3,"name":"https://wisesoft.gitbook.io/wise/wise-lending","type":"other","url":""}]}],"sources_used":[],"summary":"Wise Lending V1 is the first version of the Wise Lending decentralized lending and yield-aggregation protocol deployed on Ethereum, built from scratch by WiseSoft LLC and founded by Peter Girr. The V1 deployment suffered two confirmed on-chain exploits within approximately three months, losing an estimated $700,000+ in total user funds across both incidents, with no publicly documented recovery or compensation plan. ZachXBT has flagged the entity, and post-exploit TVL collapsed effectively to zero.","timeline":[{"date":"2023-10-13","event":"Wise Lending V1 suffers its first documented exploit: an alleged price manipulation attack resulting in an estimated $260,000 loss. No official post-mortem was published.","source":""},{"date":"2024-01-12","event":"Wise Lending V1 suffers a second flash loan and share price inflation attack. Attacker (0xb90cf1d740b206b6d80854bc525e609dc42b45dc) exploits a precision loss vulnerability in _calculateShares, draining approximately 177 ETH (~$440,000-$464,000). PeckShield attributes the loss to flawed share accounting logic.","source":""},{"date":"2024-01-12","event":"Wise Lending V1 TVL collapses to effectively zero following the exploit. Multiple tokens including USDC, USDT, DAI, WETH, and Pendle Finance-associated tokens are drained.","source":""},{"date":"2024-02-21","event":"Code4rena competitive audit of Wise Lending smart contracts begins, running through March 11, 2024. The audit subsequently identifies 5 high-severity and 17 medium-severity vulnerabilities across 44 contracts.","source":""},{"date":"2024-03-11","event":"Code4rena audit of Wise Lending concludes. Report published identifying 22 unique vulnerabilities (5 high, 17 medium) in 6,326 lines of Solidity code across 44 contracts.","source":""}]},"v":1}