Tech · World
Bonzo Lend loses $9 million in oracle exploit on Hedera
2 sourcesFirst reported 11 days agoUpdated 10 days ago
Center 100%
2 center
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What all sources covered
- 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.
2 sources
Who reported first
CointelegraphFirst
CoinDesk+6h
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