Bonzo Finance, Hedera's largest lending protocol, lost about $9.05 million after an attacker exploited a flaw in a third-party price oracle's signature verification. The attacker manipulated the SAUCE token price, using only 250 SAUCE tokens as collateral to borrow millions in USDC and wrapped HBAR. Bonzo's lending contracts functioned correctly, but the oracle verifier failed to reject invalid inputs, allowing the exploit. A second wallet borrowed around $1 million, later claiming white-hat status and pledging to return the funds. Bonzo paused lending pools and is working on remediation and user access with partners, but no reimbursement plan or withdrawal reopening date has been announced yet.
An analyst claims big investors are accumulating HBAR, aiming for a 455% price increase if it breaks above a key resistance level tested four times since late 2025. The current price is around $0.076, with targets at $0.154, $0.3045, and $0.4015. The...
HBAR recovered slightly to trade around $0.078 after dipping to $0.0763, maintaining its recent rebound from a summer low near $0.065. However, it faces key resistance at $0.083, which it must surpass to confirm a stronger upward trend. The current t...
