Lending Protocol Bonzo Loses $9 Million in Hedera Oracle Exploit
first published 2026-07-11T09:37:45Z
Blockchain security researchers said a suspected exploit on Hedera bridged more than $5.8 million in assets to Ethereum. The funds were reportedly swapped from WBTC into ETH via LayerZero, and investigators at Specter and PeckShield monitored the wallet activity as HBAR fell more than 2%.
AI Analysis
The summary describes a suspected exploit, a transfer of over $5.8 million in assets, and a drop in HBAR price of more than 2%, all of which are negative and market-relevant in the short term.
Expected Investor Sentiment: Very Bearish
Potential Market Impact: High
Source Articles
- Suspected Hedera exploit sends over $5.8M to Ethereum as HBAR slips - Crypto News
- Hedera Network Reportedly Hit by $5.25 Million Exploit - Coinpedia
- Bonzo Lend loses $9M in oracle exploit on Hedera - Cointelegraph
- Hedera Network Suffers $5M Sauce Protocol Hack, HBAR Coin Price Falls - Coinpedia
- Hedera Ecosystem Hit by Suspected $5.25M Exploit: Will the Security Breach Push HBAR Price Lower? - Coinpedia
- Peckshield: $5.25 Million Drained From Hedera and Bridged to Ethereum in Suspected Exploit - Bitcoin.com
- Lending protocol Bonzo loses 77% of value locked as $9 million oracle exploit rattles Hedera - CoinDesk
