Hedera lending protocol Bonzo Lend hit for $9 million after Supra verifier accepts manipulated price update

Hedera lending protocol Bonzo Lend hit for $9 million after Supra verifier accepts manipulated price update

The Hedera lending protocol Bonzo Lend suffered a $9 million loss after its Supra verifier accepted a manipulated price update, leading to unauthorized borrowing. In a twist, one of the attackers claimed to be a white hat hacker and promised to return the $1 million borrowed, adding an unexpected layer to the incident. This breach highlights significant vulnerabilities in DeFi protocols and raises alarms about the security of decentralized finance systems. The event underscores the critical need for robust verification processes to prevent such exploitations.

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