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Bonzo Lend loses $9.05M after oracle flaw lets attacker borrow beyond collateral value

Market News
11 Jul 2026
Blockonomi
View Source
Bearish
Bonzo Lend loses $9.05M after oracle flaw lets attacker borrow beyond collateral value

Bonzo Lend, Hedera's largest lending protocol, confirmed a $9.05 million loss due to an oracle exploit on July 11, 2026. An attacker manipulated the price feed for SAUCE tokens by submitting a zeroed signature that the oracle verifier mistakenly accepted, inflating the token's price by twelve orders of magnitude. This allowed the attacker to borrow far beyond the actual collateral value. A white-hat responder borrowed $1 million during the incident and pledged to return the funds, which are excluded from the loss total. Bonzo Lend's lending pool and points program were paused, while other protocol components remained unaffected. The oracle provider has fixed the flaw, and recovery efforts are ongoing with transparency as a priority.

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