Bonzo Lend reports a major loss after an attacker exploits an oracle verification flaw affecting its Hedera-based lending setup. Multiple reports say the attacker inflated the value of “SAUCE” collateral by taking advantage of a weakness in a third-party Supra on-chain oracle verifier. Using the manipulated collateral valuation, the attacker borrows roughly $9 million from the Bonzo Lend protocol. Cointelegraph estimates the loss at about $9 million, while CoinDesk places the figure at approximately $9.05 million. CoinDesk also notes that the exploit causes a sharp decline in Bonzo’s value locked, describing an approximately 77% loss. Both outlets attribute the incident to the oracle verification vulnerability in the Supra component rather than to a direct flaw in Bonzo Lend’s core lending logic. The reports indicate that the attacker’s ability to bypass proper oracle verification allowed collateral to be overvalued, enabling the fraudulent borrowing. The incident highlights the impact of third-party oracle contract failures on decentralized finance lending markets.
Bonzo Lend reports $9M loss after oracle exploit on Hedera
Bonzo Lend reports a major loss after an attacker exploits an oracle verification flaw affecting its Hedera-based lending setup. Multiple reports say the attacker inflated the value of “SAUCE” collate...
- An attacker exploits a flaw in a third-party Supra oracle verifier used in the Bonzo Lend system on Hedera.
- The attacker manipulates the reported value of SAUCE collateral.
- Bonzo Lend loses about $9 million (reported as roughly $9.00M to $9.05M).
- The exploit enables fraudulent borrowing against inflated collateral.
- CoinDesk reports an approximately 77% reduction in Bonzo Lend’s value locked following the incident.
Bonzo Lend lost approximately $9.05 million after an attacker exploited a verification flaw in a third-party Supra oracle contract on the Hedera network.
3 hours agoAn attacker inflated the value of SAUCE collateral and borrowed $9 million from Bonzo Lend through a flaw in Supra’s on-chain oracle verifier.
9 hours ago
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