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Wise Lending V1

avoid.net/wise-lending-v1→22/100·78% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]
anchored·5EnH82…Jnef

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

1 entities
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□Wise Lending V1
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    Timeline(5 events)

    2023-10-13

    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.

    2024-01-12

    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.

    2024-01-12

    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.

    2024-02-21

    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.

    2024-03-11

    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.

    Provenance & Audit Trail
    Anchored on SolanaVerify on-chainsrc:defillama

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 5/4/2026, 2:54:35 AM

    last updated: 5/30/2026, 11:48:04 AM

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