Lending protocol Bonzo loses 77% of value locked as $9 million oracle exploit rattles Hedera
CoinDesk 2026-07-11 18:06:58
Context: The lending protocol Bonzo Lend suffered a significant loss of approximately 77% of its value locked after an attacker exploited a verification flaw in a third-party oracle contract. This exploit occurred on the Hedera network and resulted in a loss of around $9.05 million. The incident has raised concerns about the security of oracle contracts and their impact on decentralized finance protocols.
Key Facts
- 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.
- The exploit resulted in a loss of around 77% of the value locked in the Bonzo Lend protocol.
- The incident involved a third-party Supra oracle contract, which is a type of oracle contract used to provide external data to smart contracts on the Hedera network.