Bonzo Lend loses $9M in oracle exploit on Hedera

60-second summary

Bonzo Lend is currently experiencing a significant loss of $9 million due to a critical oracle exploit on Hedera. An attacker manipulated the value of SAUCE collateral, utilizing a flaw in Supra's on-chain oracle verifier to borrow the funds. This incident highlights the vulnerability of DeFi protocols to sophisticated attacks, underscoring the need for robust security measures in the industry.