Briefium Intelligence Dispatch
A $250 Deposit Just Drained $9 Million From Hedera's Biggest Lending Protocol
July 13, 2026 at 1:50 AM UTC•3d ago
A $250 deposit exploited an oracle vulnerability in Hedera's Bonzo Lend, draining about $9 million. The attacker used SAUCE tokens to trigger a vastly inflated price through Supra's oracle verifier, which accepted an unsigned update. Bonzo Lend’s smart contracts acted correctly; the flaw lay in the oracle feed’s verification. The incident collapsed Bonzo’s value locked by 77% and impacted Hedera DeFi, with over $5M bridged to Ethereum and total network TVL down ~40% in 24 hours. Recovery plans are unclear.
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