๐Ÿช™
Bonzo Lend on Hedera loses $9M in oracle exploit attack
๐Ÿช™ Crypto

Bonzo Lend on Hedera loses $9M in oracle exploit attack

An attacker exploited a flaw in Supra's on-chain oracle verifier to inflate the value of SAUCE token collateral on the Bonzo Lend lending platform, which runs on the Hedera blockchain. This allowed the attacker to borrow and drain $9 million from the protocol. The incident is another example of a DeFi hack carried out through price-feed manipulation.

Comments

No comments yet