Hedera lending protocol Bonzo loses $9M in Supra oracle exploit

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Bonzo Finance, a lending protocol on the Hedera blockchain, suffered a loss of approximately $9.05 million due to a security exploit. An attacker took advantage of a verification flaw in a third-party Supra oracle smart contract integrated with the platform. The incident caused Bonzo's total value locked to plummet by around 77%. Oracle exploits of this nature manipulate price data feeds, allowing attackers to drain funds from lending protocols that rely on them for asset valuations.

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