Cryptocurrencies
Oracle Exploit on Bonzo Lend Leads to $9 Million Loss on Hedera Network
The Bonzo Lend lending protocol on the Hedera network suffered an approximate $9.05 million exploit due to a vulnerability in Supra's oracle verifier. An attacker inflated the value of SAUCE collateral, enabling undercollateralized loans and resulting in a 77% reduction in the protocol's Total Value Locked (TVL).
Carlos "Emérito" López Lovera
