Oracle flaw exposes DeFi risk\u00a0<\/strong><\/h2>\nThe audit of Bonzo Lend\u2019s smart contracts determined that there were no issues related to it. Still, it also identified how the attack was successful. Although the protocol had read a manipulated SAUCE price to calculate collateral exactly as defined by the protocol, it had done so precisely as designed.<\/p>\n
Auditors eliminated flash loans and market manipulation based upon their observations of SAUCE trading volumes having peaked at only a couple of thousand dollars.<\/p>\n
Instead of using those methods, the attacker exploited the protocol\u2019s reliance on trusted oracle inputs.\u00a0<\/span>Although the code executes flawlessly, attackers can still weaponize protocol rules against users and protocol owners. That pattern reflects a recurring DeFi risk where the rules themselves become weaponized despite flawless code execution. Such protocol logic exploits remain a recurring category in DefiLlama\u2019s hacks database.<\/p>\nTherefore, such a recurring pattern is driving protocols to adopt economic simulations, formal verification, and bug bounties, in addition to traditional smart contract audits. <\/span><\/p>\n\nFinal Summary<\/h2>\n\n- Hedera oracle exploit exposed critical risks in trusted price feeds.<\/em><\/li>\n
- HBAR showed correct protocol logic can still enable multimillion-dollar exploits.<\/em><\/li>\n<\/ul><\/div>\n","protected":false},"excerpt":{"rendered":"
Bonzo Lend, a non-custodial lending and borrowing protocol built on the Hedera [HBAR] network, was recently exploited. The exploit happened after an oracle exploit enabled the attacker to borrow assets exceeding the posted collateral. As a result, Bonzo Lend suffered losses of $9.05 million. Preliminary findings linked the breach to a flaw in Supra\u2019s signature […]<\/p>\n","protected":false},"author":2,"featured_media":433848,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[46715,47937,230,225,221,208,227,226,228,229,60,223,207,224,222],"class_list":["post-433847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-ambcrypto","tag-bonzo-lend","tag-brave","tag-coinbase","tag-crypto","tag-crypto-news","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-news","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/433847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=433847"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/433847\/revisions"}],"predecessor-version":[{"id":433849,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/433847\/revisions\/433849"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/433848"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=433847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=433847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=433847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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