Breaking: Hedera's biggest lending protocol Bonzo hit by oracle exploit, loses $9M

AI Market Summary

Bonzo Lend, Hedera's largest lending protocol, reported a ~$9.05M oracle-driven exploit tied to a flaw in Supra's signature verification, enabling SAUCE price manipulation and undercollateralized borrowing. The protocol is paused while teams coordinate recovery and remediation. The incident elevates Hedera DeFi smart-contract/oracle risk, likely tightening risk appetite and reducing near-term liquidity and activity across the Hedera ecosystem.

Impact level

● Medium

Affected assets

HBAR/USDT-0.76%

AI Insight · HBAR/USDTAI Insight

▼ Bearish

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Bonzo Lend, Hedera's largest lending protocol, reported it lost about $9.05 million after an oracle-related exploit. The team said a weakness in Supra's signature verification let an attacker manipulate SAUCE pricing and borrow assets well beyond the collateral posted. The protocol has been paused. Bonzo Labs and the Bonzo Finance Foundation said they are coordinating recovery and remediation efforts.

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