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Jul 11, 2026

Bonzo Lend on Hedera Loses $9 Million in Oracle Manipulation Exploit

Hedera-based lending protocol Bonzo Lend (also referred to as Sauce Protocol) suffered approximately $9 million in losses after an attacker manipulated the price oracle for SAUCE collateral, allowing them to borrow assets far beyond deposited value. The stolen funds were bridged from Hedera to Ethereum.

Jul 11, 2026·4 sources
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Top claims

  • ▪Following the news of the exploit, the price of Hedera's native token, HBAR, dropped by approximately 3-3.5%.
  • ▪Oracle provider Supra acknowledged the issue and has deployed a fix.
  • ▪Bonzo Lend stated the incident was not a vulnerability in its own smart contracts or in the Hedera core network.

Topics

DeFi oraclesDeFi lendingBlockchain interoperabilityCrypto hacksDeFi

Related entities

Ethereum
Sauce

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