Bonzo Lend, the largest decentralized lending protocol on Hedera's blockchain, has suffered a significant loss of approximately $9.05 million due to an exploit targeting its oracle provider Supra.
The attack exploited a flaw in Supra's signature verification process, allowing the attacker to manipulate token prices and borrow assets far exceeding their deposited collateral.
Bonzo Lend was forced to temporarily suspend operations to prevent further losses and is now working with security teams and partners to assess the full scope of the incident.
The exploit highlights concerns about the security of oracle integrations across smaller blockchain networks, where a single vulnerability can cascade into significant losses.