InsiderFlow › News › Lending protocol Bonzo loses 77% of value locked as $9 million oracle exploit rattles Hedera

NEWS · CoinDesk · Jul 11, 2026 NEUTRAL

Lending protocol Bonzo loses 77% of value locked as $9 million oracle exploit rattles Hedera

The Bonzo Lend lending protocol was hacked, losing about $9 million and causing its locked value to drop 77%.

What it means

The Bonzo Lend lending protocol was hacked, losing about $9 million and causing its locked value to drop 77%. The breach exploited a flaw in a third‑party Supra oracle on the Hedera network.

Possible consequences

Investors who had funds in Bonzo lost most of their capital, raising doubts about DeFi projects on Hedera. The news may push the price of HBAR lower and affect other similar crypto projects.

What you can do

Review any DeFi exposure you have, especially on Hedera, and keep an eye on security updates or possible reimbursement plans.

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Explanation generated by InsiderFlow's AI for informational purposes: not financial advice.