Briefium Intelligence Dispatch
Bonzo Lend Loses $9M in Oracle Exploit on Hedera Network
July 12, 2026 at 10:42 AM UTC•3d ago
Bonzo Lend on Hedera suffered a $9.05 million loss due to a flaw in Supra’s onchain oracle verifier, which allowed price manipulation of SAUCE to inflate collateral values. The incident caused Hedera’s DeFi TVL to drop about 40% in 24 hours. Supra deployed a fix, with Bonzo noting the vulnerability was not in Hedera core or Bonzo contracts. Approximately $1 million more was borrowed by a second wallet, later claimed to be a white-hat.
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