Wise Lending V1
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 22 → 47. Problems weighed by who is responsible: incidents the subject suffered −9.6, concerns that are not fraud −6.4, problems around the subject, caused by others −1.6. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -6.4 |
| Incidents it suffered (e.g. hacks) | -9.6 |
| Problems around it, caused by others | -1.6 |
| Sum | 47 |
Score: 47/100 (kept between 0 and 100)
How scoring works →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.
Connected Entities
6 entities · 60 linked investigations- ZachXBT→mentioned with→Ethereum(70%)
- Wise Lending V1→mentioned with→Uniswap(70%)
- Wise Lending V1→mentioned with→ZachXBT(70%)
- Wise Lending V1→mentioned with→Arbitrum(60%)
- Wise Lending V1→mentioned with→Pendle(80%)
- Wise Lending V1→mentioned with→Ethereum(80%)
- Uniswap→mentioned with→Ethereum(80%)
- Pendle→mentioned with→Arbitrum(70%)
- Pendle→mentioned with→Ethereum(80%)
- Arbitrum→mentioned with→Uniswap(60%)
- + 2 more
Timeline(5 events)
13 October 2023
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.
12 January 2024
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.
12 January 2024
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.
21 February 2024
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.
11 March 2024
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.
Decision Log
- slot 455358252 · hash HSrkRbci2j2PoecVjEvm9PVWpjp9zDXqoo6ykY5rn2HK
- slot 423150313 · hash APoXFFUfzJMx2UoNUXoDBBKVMFgf1WBcQ8Jf5MmEgTC2
This investigation is cryptographically anchored to the Solana blockchain (2 decisions). 16 of 21 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:35 AM
last updated: 10/10/2026, 6:40:04 PM
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