Bonzo Lend, a decentralized lending protocol on the Hedera network, lost about $9.05 million after an attacker exploited a flaw in a third-party Supra oracle contract. The attacker manipulated the price of low-value SAUCE tokens to borrow assets far exceeding their collateral, withdrawing 6.63 million USDC and 34.52 million wrapped HBAR. This exploit caused Bonzo's total value locked (TVL) to drop by 77%, while Hedera's overall TVL fell nearly 40% within 24 hours. A second wallet also borrowed about $1 million during the incident, but later identified as a white-hat hacker intending to return the funds. The event highlights risks in oracle dependencies and could impact confidence in Hedera-based DeFi projects.
Security firm Peckshield reported a suspected exploit on the Hedera network where $5.25 million was stolen and bridged to Ethereum. The attacker’s wallet, initially funded through the crypto mixer Tornado Cash, now holds about 2,360 ETH and 15.58 wra...
An attacker stole $5.25 million from the Hedera network by exploiting a vulnerability that allowed bridging assets to Ethereum using LayerZero technology. The stolen funds were then laundered through Tornado Cash, a privacy mixing service, making rec...
A suspected exploit on the Hedera network has resulted in the transfer of over $5.8 million in assets to Ethereum, according to blockchain security researchers Specter and PeckShield. The attacker used LayerZero to bridge funds and swapped Wrapped Bi...
U.S. spot altcoin ETFs saw limited overall inflows, with fresh investments focused mainly on Solana, Hyperliquid, and Hedera products, signaling selective institutional interest. Solana and Hyperliquid ETFs each recorded over $8 million in net inflow...
