#oracle exploit Tech News.
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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. The attacker deposited low-value SAUCE tokens and submitted a manipulated price update to inflate the tokens' value, enabling them to borrow assets well beyond their collateral. Following the exploit, Hedera's total value locked (TVL) fell by nearly 40% in 24 hours, while Bonzo's TVL plummeted by 77%.
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