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Wise Lending V2

avoid.net/wise-lending-v2→38/100·78% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]
anchored·cwWm9Q…4VVQ

Summary

Wise Lending V2 is a decentralized lending and yield-farm aggregator protocol deployed on Ethereum and Arbitrum that allows users to supply crypto assets and earn variable yields. The protocol suffered two confirmed exploits: a price manipulation attack in October 2023 that caused approximately $260,000 in losses, followed by a more severe flash loan and share-inflation attack on January 12, 2024 that drained approximately $464,000. The January 2024 attack exploited a precision flaw in the protocol's ERC-4626-style share accounting logic, and a subsequent Code4rena audit in February 2024 identified 5 high-severity and 17 medium-severity vulnerabilities in the codebase.

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□Wise Lending V2
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    Timeline(6 events)

    2023-10-13

    Wise Lending suffers its first confirmed exploit — a price manipulation attack — resulting in approximately $260,000 in losses.

    2024-01-12

    Wise Lending V2 exploited via flash loan and ERC-4626 share inflation attack. Approximately 177 ETH (~$464,000) drained from the PLP-stETH-Dec2025 pool. Attacker contract: 0x91c49cc7fbfe8f70aceeb075952cd64817f9d82c. Exploit first reported on-chain by researcher Spreek.

    2024-02-21

    Code4rena competitive audit of Wise Lending V2 begins, covering 44 smart contracts and 6,326 lines of Solidity.

    2024-03-11

    Code4rena audit concludes. Report identifies 5 HIGH-severity and 17 MEDIUM-severity vulnerabilities.

    2024-03-11

    Code4rena audit report for Wise Lending V2 published, detailing 22 unique vulnerabilities in the protocol codebase.

    2026-02-28

    A $66,000 flash loan exploit affecting Wise Lending V2 on both Arbitrum and Ethereum chains is recorded by DeFiLlama's hack tracker. Independent news confirmation was not located at time of investigation.

    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, 2:54:13 AM

    last updated: 5/29/2026, 3:54:32 PM

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