Bonzo Lend Exploited for $9M via Oracle Manipulation on Hedera

Bonzo FinanceLend and borrow on Hedera, non-custodially

Bonzo Finance is an open source, non-custodial protocol designed to facilitate the lending and borrowing of cryptocurrencies, with a focus on $HBAR, native $USDC, Hedera ecosystem assets, and wrapped (bridged) majors. Bonzo prioritizes censorship resistance, security, and self-custody, enabling users to transact without reliance on trusted intermediaries. Bonzo Finance utilizes Supra and Chainlink oracles that enable accurate and reliable price feeds for the lending and borrowing of assets, ensuring transparent and efficient operations.

HederaEnterprise-grade decentralized network for real-time consensus

Hedera is a decentralized public network where developers can build secure, fair applications with near real-time consensus. The platform is owned and governed by a council of global innovators including Avery Dennison, Boeing, Deutsche Telekom, DLA Piper, FIS (WorldPay), Google, IBM, LG Electronics, Magalu, Nomura, Swirlds, Tata Communications, University College London (UCL), Wipro, and Zain Group. The Hedera Consensus Service (HCS) acts as a trust layer for any application or permissioned network and allows for the creation of an immutable and verifiable log of messages. Application messages are submitted to the Hedera network for consensus, given a trusted timestamp, and fairly ordered. Use HCS to track assets across a supply chain, create auditable logs of events in an advertising platform, or even use it as a decentralized ordering service.