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.
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 colla...
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 acce...
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 ...
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...
