01 Jul 2026 15:05 UTC
Tokenized equities were supposed to be the responsible corner of DeFi. Real assets, on-chain. Institutional-grade collateral. Then a tokenized version of Al | Bitget crypto news!
➤ A tokenized version of Alphabet's stock (GOOGL) was reportedly manipulated by 7,700% in a DeFi lending exploit, highlighting vulnerabilities in price oracles.
➤ The exploit involved artificially inflating the token's price to borrow assets from a lending protocol, draining real assets before the protocol could react.
➤ This incident raises significant credibility concerns for tokenized equities as collateral in DeFi and for regulators considering such programs, especially given the high number of DeFi exploits in 2026.
