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Bonzo Lend loses $9 million in oracle exploit on Hedera

2 sourcesFirst reported 10 days agoUpdated 10 days ago

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Bonzo Lend experienced a significant loss of approximately $9.05 million due to an exploit involving a third-party oracle contract on the Hedera network.
The attacker manipulated the value of SAUCE collateral, allowing them to borrow the funds from Bonzo Lend.
The incident resulted in Bonzo Lend losing about 77% of its value locked.
The exploit was linked to a verification flaw in the Supra oracle used by Bonzo Lend.

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AI summary: catch up in 20 seconds

Bonzo Lend experienced a significant loss of approximately $9.05 million due to an exploit involving a third-party oracle contract on the Hedera network.
The attacker manipulated the value of SAUCE collateral, allowing them to borrow the funds from Bonzo Lend.
The incident resulted in Bonzo Lend losing about 77% of its value locked.
The exploit was linked to a verification flaw in the Supra oracle used by Bonzo Lend.

Generated by AI from the 2 sources below · always verify with the originals