Bonzo Lend, a decentralized lending protocol built on the Hedera network, has suffered an estimated $9.05 million exploit after an attacker manipulated a third-party Supra oracle through a verification flaw, enabling the withdrawal of assets far exceeding the value of the collateral provided. According to Bonzos preliminary incident report, the attacker deposited 250 SAUCE tokens, which held minimal value, before submitting a falsified price update that dramatically inflated the tokens value in HBAR. The manipulated oracle data allowed the attacker to appear heavily overcollateralized and… Read more
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