Briefium Intelligence Dispatch
Hedera-Based DeFi Lender Bonzo Lend Loses $9 Million in Oracle Attack
July 11, 2026 at 12:25 PM UTC•7 hours ago
Hedera-based DeFi protocol Bonzo Lend suffered a $9 million loss from an oracle price manipulation attack, where 250 SAUCE collateral inflated on-chain prices by about 1 trillion times. The attacker withdrew 6.63 million USDC and 34.5 million wHBAR. Bonzo Lend attributes the breach to a flaw in the Supra oracle service. This highlights critical oracle security risks and the need for robust safeguards in Hedera's DeFi ecosystem.
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