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$HBAR Yesterday, there was a lot of FUD claiming the Bonzo (@Bonzo_Finance) incident was a @Hedera network exploit.
I pointed out from the start that the issue was not at the Hedera network level.
Hedera has now confirmed that Bonzo's lending contracts functioned as designed and that the failure occurred in the upstream (third party) oracle layer, (@SUPRA_Labs) not Hedera's Hashgraph consensus.
The Hedera ($HBAR ) community has overcome misinformation before and it will overcome this too.
Always wait for the facts before jumping to conclusions. 👀
#Hedera #Bonzo
I pointed out from the start that the issue was not at the Hedera network level.
Hedera has now confirmed that Bonzo's lending contracts functioned as designed and that the failure occurred in the upstream (third party) oracle layer, (@SUPRA_Labs) not Hedera's Hashgraph consensus.
The Hedera ($HBAR ) community has overcome misinformation before and it will overcome this too.
Always wait for the facts before jumping to conclusions. 👀
#Hedera #Bonzo
$HBAR JUST IN: The $8M+ Bonzo (@Bonzo_Finance) exploit was not a @Hedera network exploit.
False claims are circulating that this happened at the Hedera network level.
According to Bonzo, the attacker exploited a third-party price oracle used by the lending protocol, not Hedera's Hashgraph consensus.
Bonzo has paused borrowing, frozen affected markets and is working with security partners to investigate the incident and recover funds.
A full incident report and additional security updates are expected.
#Hedera #Bonzo
False claims are circulating that this happened at the Hedera network level.
According to Bonzo, the attacker exploited a third-party price oracle used by the lending protocol, not Hedera's Hashgraph consensus.
Bonzo has paused borrowing, frozen affected markets and is working with security partners to investigate the incident and recover funds.
A full incident report and additional security updates are expected.
#Hedera #Bonzo
📰 Real-time News Summary
1. In July #PeckShieldAlert 2026, the crypto industry saw 30 major hacking incidents, resulting in total losses of $210.3M, up 177.2% month-over-month from June’s $75.87M. The @COLDCARDwallet incident caused about $70M in losses, making it the 3rd-largest crypto theft case this year so far, second only to the #Drift and #KelpDAO/#LayerZero exploit incidents. The main attacks included: @COLDCARDwallet, about $70M; @AFX_XYZ on Arbitrum, about $24M; @Ostium, about $24M; @bonk_inu, about $21.2M; @wanchain_org Cardano–BNB Bridge, about $13M; @TripleAHQ, about $10M; #Bonzo Lend, about $9.05M; @VerusCoin Ethereum Bridge, about $7.5M; @WemixNetwork, about $6.25M; and @summerfinance_, about $6M
2. Garden Finance’s HTLC exploit: $450K USDT was stolen across Ethereum, Base, Arbitrum, and BNB Chain. After suspending the cross-chain bridge, Garden Finance—an inter-chain atomic swap protocol—mainly focuses on bridg
📊 Market Signals
BTC is bearish | Impact Index 76
$ETH is bearish | Impact Index 79
Short-term outlook: bearish over the next 1–4 hours—watch for sharp selloffs followed by pullbacks
1. In July #PeckShieldAlert 2026, the crypto industry saw 30 major hacking incidents, resulting in total losses of $210.3M, up 177.2% month-over-month from June’s $75.87M. The @COLDCARDwallet incident caused about $70M in losses, making it the 3rd-largest crypto theft case this year so far, second only to the #Drift and #KelpDAO/#LayerZero exploit incidents. The main attacks included: @COLDCARDwallet, about $70M; @AFX_XYZ on Arbitrum, about $24M; @Ostium, about $24M; @bonk_inu, about $21.2M; @wanchain_org Cardano–BNB Bridge, about $13M; @TripleAHQ, about $10M; #Bonzo Lend, about $9.05M; @VerusCoin Ethereum Bridge, about $7.5M; @WemixNetwork, about $6.25M; and @summerfinance_, about $6M
2. Garden Finance’s HTLC exploit: $450K USDT was stolen across Ethereum, Base, Arbitrum, and BNB Chain. After suspending the cross-chain bridge, Garden Finance—an inter-chain atomic swap protocol—mainly focuses on bridg
📊 Market Signals
BTC is bearish | Impact Index 76
$ETH is bearish | Impact Index 79
Short-term outlook: bearish over the next 1–4 hours—watch for sharp selloffs followed by pullbacks
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