Bonzo's $9M loss exposes oracle verification failures and deeper lending risks across Hedera's DeFi.
Zeroed signature bypassed Supra's oracle verifier, draining Bonzo Lend on Hedera
A second wallet borrowed another roughly $1 million but identified itself as a white hat hacker and said the funds would be returned.
Bonzo Lend lost approximately $9.05 million after an attacker exploited a verification flaw in a third-party Supra oracle contract on the Hedera network.
An attacker has drained more than $5 million from the Hedera network in an exploit that occurred on July 11, with the stolen funds already routed onto Ethereum. Onchain investigator Specter initially flagged on X what he stated to be an active hack of Hedera.
Blockchain security firm Peckshield says an apparent exploit of the Hedera network has seen $5.25 million in stolen funds bridged to Ethereum. The attacker's wallet, first funded through the crypto mixer Tornado Cash, holds roughly $5.25 million in ether and wrapped bitcoin.
The Hedera exploit highlights ongoing vulnerabilities in blockchain networks, potentially undermining trust and impacting future investments. $5.25 million stolen in suspected Hedera network exploit as funds move to Ethereum.
An attacker inflated the value of SAUCE collateral and borrowed $9 million from Bonzo Lend through a flaw in Supra's on-chain oracle verifier.
Hedera's native token HBAR has fallen more than 2% after blockchain security researchers reported that a suspected exploit had moved more than $5.8 million in assets from the Hedera network to Ethereum.
Hedera said that developers can now use its Hosted MCP Server and open-source Hedera Skills marketplace to give AI agents network access and Hedera-specific development guidance. The setup is intended to move agents beyond answering questions by giving them network reach and task-specific execution playbooks.
Canary's HBAR ETF drew $989K on July 2, its biggest inflow since May 15, as Hedera trades near $0.075 with weak price action.
The United Kingdoms ambition to become a leading global crypto hub has been slowed by a disconnect between policy goals and regulatory implementation, according to Isadora Arredondo, Hederas Vice President of Global Policy and former Financial Conduct Authority (FCA) official. Speaking about her experience at the FCA, Arredondo explained that one of the biggest challenges facing the UK crypto industry is the gap between regulatory ambition and real-world execution.