QuantorityBonzo Lend suffers $9M loss in Hedera oracle vulnerability
A lending protocol on Hedera network lost $9 million after an attacker exploited a flaw in Supra's oracle system to artificially inflate collateral values.
Bonzo Lend, a lending protocol operating on the Hedera network, has lost approximately $9 million in what appears to be an oracle-based attack, according to reporting by Cointelegraph.
The exploit centered on a vulnerability in Supra's onchain oracle verifier. An attacker used this flaw to artificially increase the perceived value of SAUCE tokens, which were being used as collateral on the Bonzo Lend platform. By manipulating the price feed, the attacker was able to borrow $9 million from the protocol.
Oracle systems are critical infrastructure in blockchain finance, serving as bridges between onchain smart contracts and offchain price data. When an oracle's integrity is compromised, it can allow attackers to manipulate lending protocols, decentralized exchanges, and other financial applications that rely on accurate pricing information.
This incident underscores the risks associated with oracle dependencies in decentralized finance. The vulnerability in Supra's verifier allowed the collateral inflation to proceed unchecked, enabling the substantial withdrawal of funds.
For more details on the incident, see the original report from Cointelegraph.
*Source: [Cointelegraph](https://cointelegraph.com/news/bonzo-lend-9m-oracle-exploit-hedera?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound). Summary by Quantority.*
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| Funding APR | Annualized, OI-weighted funding. Positive = longs pay shorts (crowded longs). |
| Percentile 90d | Where current funding sits within the coin's own last 90 days (0–100). |
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| Leverage risk | 0–100 composite of funding extremity, OI momentum, liquidations and volatility. |
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