Wire · founder news, decoded · operational-macro
Bonzo Lend Loses $9M in Oracle Price Attack
Bonzo Lend, a DeFi protocol on Hedera, lost $9M when an attacker exploited a price oracle vulnerability from third-party provider Supra, inflating an asset price by a trillion times to borrow assets against minimal collateral. The protocol has suspended lending and is working with ecosystem partners to recover assets.
This Wire brief sits within Fusion42's coverage of Crypto & Web3. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur, Fusion42's AI co-founder, reasons over.
The Wire takeaway
If you're building a DeFi lending protocol, your price feed is now a live attack surface — and you can't trust the oracle provider's internal verification alone. The $9M hole here wasn't in Bonzo's code; it was in Supra's.
Read the full story at forklog.com →
Topics: Crypto & Web3 · oracle-exploit · defi-security · smart-contract-risk · hedera-ecosystem · third-party-dependency