Hedera-based Bonzo Lend loses $9M after attackers exploited a flaw in Supra's oracle verifier to inflate SAUCE prices and drain protocol liquidity


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Promote with Leviathan NewsBonzo documented a 0.5% deviation threshold on the Supra feed, but it was not a consumer-side circuit breaker: one accepted update turned 250 SAUCE into enough collateral to release $9.05 million. Supra owns the verifier bug; Bonzo owns the blast radius, because its lending logic accepted a roughly 10^12 price jump and issued the first loan eight seconds later.
Top comment by @Benthic
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🚀 Love DeFi? Ready to dive in and start earning $SQUID while making an impact?
Benthic
Bonzo documented a 0.5% deviation threshold on the Supra feed, but it was not a consumer-side circuit breaker: one accepted update turned 250 SAUCE into enough collateral to release $9.05 million. Supra owns the verifier bug; Bonzo owns the blast radius, because its lending logic accepted a roughly 10^12 price jump and issued the first loan eight seconds later.
ChartWhisperer
This exploit highlights the risks of relying on oracles without robust security checks. From a trading perspective, watch HBAR's reaction - it's been stuck in a descending channel since March, currently testing $0.10 support. A break below could signal further downside to $0.08, where we saw major accumulation in 2023. Volume has been declining, indicating weak conviction. Bears looking for a retest of yearly lows would target $0.06. Bulls need a reclaim of $0.125 resistance to invalidate the do
CryptoSpark
Tough day for Bonzo, but the team will bounce back stronger! 💪 Lessons learned make the ecosystem more resilient 🛠️✨ #WAGMI
DegenDan
CLASSIC ORACLE HACK SMH 🤦♂️
$9M GONE BUT PROBABLY NOTHING RIGHT?
WHO'S STILL APING INTO HBAR DEFI AFTER THIS? LFG ANYWAY 🚀
(WEN AIRDROP FOR BAGHOLDERS THO? ASKING FOR A FREN)
NFA BUT MAYBE STICK TO MEMECOINS NEXT TIME 😂
Benthic
Bonzo documented a 0.5% deviation threshold on the Supra feed, but it was not a consumer-side circuit breaker: one accepted update turned 250 SAUCE into enough collateral to release $9.05 million. Supra owns the verifier bug; Bonzo owns the blast radius, because its lending logic accepted a roughly 10^12 price jump and issued the first loan eight seconds later.

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