Fact-check findings

No source the reviewer could reach confirms or contradicts the claim.

1. #1[unverifiable][awaiting moderator]in section: October 2023 Price Manipulation Attack

   “On October 13, 2023, Wise Lending suffered an earlier price manipulation attack resulting in an alleged loss of approximately $260,000.”

   reviewerWise Lending suffered a price manipulation attack on October 13, 2023 causing about $260,000 in losses.Fetched Cointelegraph and a web search found no October 2023 incident or $260,000 figure. The page's claim that multiple outlets described it as the first attack is not supported by the cited article. This rests on the page's own sources and is not independently shown.
   citedcointelegraph.com/news/wise-lending-drai…ash-loan-exploit
2. #2[unverifiable][awaiting moderator]in section: October 2023 Price Manipulation Attack

   “Multiple subsequent reports on the January 2024 exploit noted it marked 'the second attack on the protocol within six months,' confirming the October 2023 incident as a prior security failure.”

   reviewerMultiple reports on the January 2024 exploit said it was 'the second attack on the protocol within six months'.The quoted phrase is not in the Cointelegraph article, and the web search surfaced no source for it.
   citedcointelegraph.com/news/wise-lending-drai…ash-loan-exploit
3. #6[unverifiable][awaiting moderator]in section: Protocol Risk Profile and Community Flags

   “The protocol has suffered two confirmed exploits within a six-month window (October 2023 and January 2024), totaling an estimated $720,000+ in user losses.”

   reviewerProtocol has suffered two confirmed exploits totaling $720,000+; the audit's 5 highs are said to be contradicted by exploits 'both before and after public audits'.The October 2023 incident is not corroborated, so 'two confirmed exploits' and the $720k total are unsupported. The second exploit is also stated as 'confirmed' in the summary.
   citeddefillama.com/protocol/wise-lending-v2
4. #7[unverifiable][awaiting moderator]in section: Protocol Risk Profile and Community Flags

   “including attribution by ZachXBT, a pseudonymous blockchain investigator with a strong track record of identifying DeFi exploits and fraud.”

   reviewerWise Lending V2 was flagged by ZachXBT.Searched ZachXBT with Wise Lending and found nothing. The cited sources do not mention it.
5. #10[unverifiable][awaiting moderator]in section: Protocol Risk Profile and Community Flags

   “No public post-mortem or formal incident response from the Wise Lending team has been located in indexed sources.”

   reviewerNo public post-mortem or incident response has been located.A negative claim. The page itself cites an infect3d 'wise-lending-post-mortem' (third-party), which is not the team's. I did not check for a team statement.

The claim was accurate when written but events since have overtaken it.

1. #9[stale][awaiting moderator]in section: Protocol Risk Profile and Community Flags

   “As of the most recent available data, the protocol continues to operate with approximately $28 million TVL but reports zero active loans and near-zero fees, suggesting significantly reduced user activity following the security incidents.”

   reviewerProtocol continues to operate with about $28M TVL.DeFiLlama marks V2 as deprecated, which conflicts with 'continues to operate'. The correction rests on a search-result description of the DeFiLlama page, which I could not open directly.
   Proposed correction (not yet applied)

   As of the most recent available data, DeFiLlama labels the protocol a deprecated protocol and reports zero active loans and near-zero fees, suggesting significantly reduced user activity following the security incidents.
   citeddefillama.com/protocol/wise-lending-v2

The cited evidence supports part of the claim but not all of it.

1. #8[partially supported][awaiting moderator]in the timeline

   “A $66,000 flash loan exploit affecting Wise Lending V2 on both Arbitrum and Ethereum chains is recorded by DeFiLlama's hack tracker.”

   reviewerA $66,000 flash loan exploit on Feb 28, 2026 is listed by DeFiLlama.Seen only via search result summary. The page hedges that news confirmation was not found, which is consistent.
   citeddefillama.com/protocol/wise-lending-v2

The cited evidence supports the claim as written.

1. #3[confirmed][no action needed]in section: January 2024 Flash Loan and Share-Inflation Exploit

   “On January 12, 2024, at approximately 19:29 UTC, Wise Lending V2 suffered a flash loan attack that drained approximately 177 ETH, valued at roughly $464,000 at the time.”

   reviewerAttack on Jan 12, 2024 drained about 177 ETH (~$464,000).Date and time match. Amount differs slightly by outlet (170 ETH / $440k vs 177 ETH / $464k) and the page's figure is cited to FXStreet.
   citedwww.fxstreet.com/cryptocurrencies/news/w…ack-202401130252
2. #4[confirmed][no action needed]in the timeline

   “Exploit first reported on-chain by researcher Spreek.”

   reviewerSpreek first reported the exploit.Cointelegraph says Spreek raised the alarm on X. The page's wording 'on-chain' is loose.
3. #5[confirmed][no action needed]in section: Code4rena Security Audit Findings (February 2024)

   “The audit scope covered 44 smart contracts comprising 6,326 lines of Solidity code, with $200,000 USDC in bounty rewards across 19 days.”

   reviewerCode4rena audit ran Feb 21 to Mar 11, 2024, covering 44 contracts and 6,326 lines; 5 High and 17 Medium findings.Scope, dates and counts confirmed. The $200,000 prize pool was not seen in the portion of the report I read.
   citedcode4rena.com/reports/2024-02-wise-lending