Bonzo Lend, a decentralized lending platform on Hedera, was exploited for about $9.05 million after an attacker manipulated a third-party oracle to inflate token prices falsely. The attacker deposited low-value tokens, triggered a fake price surge, and borrowed millions beyond collateral limits, withdrawing large amounts of USDC and wrapped HBAR. The incident caused a 40% drop in Hedera's DeFi total value locked and highlights risks in DeFi protocols relying on external oracles. Bonzo is investigating, working to recover funds, and plans to enhance security measures.
Hedera (HBAR) has seen a significant price decline, closing 18.6% lower on October 16 compared to October 1, dropping from $0.1026 to $0.0835. On October 17, HBAR traded at $0.0829, down 4.64% over the previous 24 hours, positioning it near the lower...
Hedera saw a 168.37% increase in transactions per second and a 12.3% rise in total value locked to $33.2 million over 30 days, signaling strong network activity. However, the HBAR token price fell 2.7% in 24 hours and 9.5% weekly, despite a 14.9% mon...
On October 15, altcoin spot ETFs for LINK and NEAR attracted new investments, while XRP, SOL, Polkadot, HYPE, BNB, and ZEC experienced net outflows. Notably, the XRP ETF market shifted to a net outflow after a day of inflows, and Solana's ETF extende...
HBAR has retraced after a strong rally that doubled its price, stalling at a key Fibonacci resistance level. Analysts differ on the near-term outlook: ChartNerd sees the pullback as a natural pause with potential for a reset at multi-year support, wh...
Hedera (HBAR) was trading around $0.08 on October 15, down from its late-September high of $0.131. The token had previously climbed 74.65% from mid to late September. A return to the $0.131 level is possible but depends on Bitcoin regaining strength ...
