Bonzo Lend Suffers $9M Loss from Oracle Exploit on Hedera Network

Bonzo Lend on Hedera suffered a $9.05 million loss due to an oracle exploit that manipulated SAUCE price feeds, enabling undercollateralized loans. Hedera stated the core network and Bonzo Lend contracts remained secure, with the breach tied to external oracle infrastructure. The event highlights DeFi risks from trusted price feeds and underscores the need for stronger oracle safeguards, verification standards, and enhanced risk controls for Hedera-based lending protocols. HBAR price and DeFi TVL were affected temporarily.