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🚨 HACKING AT HEDERA ($HBAR )? LET’S SEPARATE THE FUD FROM REALITY 🚨
In the last few hours, panic spread across social media over an alleged hack of Hedera Hashgraph, causing HBAR’s price to drop and test the key support zone of $0.066 - $0.067. However, when you look at the on-chain data, the truth is completely different.
Here are the key points to understand what really happened and clear the market noise:
1️⃣ Hedera WAS NOT hacked: The Mainnet, the consensus mechanism, and the network’s core services operated at 100% and remain fully secure.
2️⃣ The real victim was Bonzo Finance: The exploit happened in this independent DeFi lending application due to a vulnerability in its third-party price oracle provider. The attacker managed to manipulate the price feed to fool the protocol.
3️⃣ The economic impact: It is estimated that around $9 million was exploited, mainly affecting USDC and HBAR pools. The protocol has already been temporarily paused by its team.
4️⃣ Think of it this way: if a website suffers a fraudulent attack, the fault is not with the company that provides the internet hosting. In this case, Hedera is the underlying infrastructure and is intact; the problem was strictly with the application built on top of it.
What’s next for HBAR? The price accelerated its drop due to momentary panic toward historic support levels. With attention on one of the most decisive weeks for altcoins because of the progress of the CLARITY Act in the U.S., the base network demonstrated institutional resilience, making it clear that DeFi risk is not Ledger risk.
Be very careful with unjustified panic on social media!
$HBAR #Hedera #BonzoFinance #DeFi #CryptoNews
In the last few hours, panic spread across social media over an alleged hack of Hedera Hashgraph, causing HBAR’s price to drop and test the key support zone of $0.066 - $0.067. However, when you look at the on-chain data, the truth is completely different.
Here are the key points to understand what really happened and clear the market noise:
1️⃣ Hedera WAS NOT hacked: The Mainnet, the consensus mechanism, and the network’s core services operated at 100% and remain fully secure.
2️⃣ The real victim was Bonzo Finance: The exploit happened in this independent DeFi lending application due to a vulnerability in its third-party price oracle provider. The attacker managed to manipulate the price feed to fool the protocol.
3️⃣ The economic impact: It is estimated that around $9 million was exploited, mainly affecting USDC and HBAR pools. The protocol has already been temporarily paused by its team.
4️⃣ Think of it this way: if a website suffers a fraudulent attack, the fault is not with the company that provides the internet hosting. In this case, Hedera is the underlying infrastructure and is intact; the problem was strictly with the application built on top of it.
What’s next for HBAR? The price accelerated its drop due to momentary panic toward historic support levels. With attention on one of the most decisive weeks for altcoins because of the progress of the CLARITY Act in the U.S., the base network demonstrated institutional resilience, making it clear that DeFi risk is not Ledger risk.
Be very careful with unjustified panic on social media!
$HBAR #Hedera #BonzoFinance #DeFi #CryptoNews
🕵️♂️ The alleged Bonzo scammer now has 7 million dollars in $eth .
Bonzo reports a total loss of 9 million dollars.
In that same wallet, more than 920 ETH were recorded in less than an hour, and less than 40 minutes ago another 77 ETH arrived.
📈 The Bitcoin Policy Institute has joined the fight against the New York case that would consider bitcoins in self-custody that have been held for a long time as “abandoned.”
If coins aren’t touched for 5 years, are they considered abandoned or are they kept in HODL?
🏦 The IMF warns that dollar-linked stablecoins could trigger a massive withdrawal similar to what happens in banks during crises. #stablecoin
💸 #hype One “whale” with losses of ~491.4 thousand dollars on Hyperliquid holds ~3.27 million dollars in long positions.
Long positions:
3.09 million dollars in $eth (25x)
183,900 dollars in $CASHCAT (3x)
The account is 100% in long positions with no free margin, while the liquidation threshold of $ETH is only 3.16% below the current price.
Will this all-or-nothing bet pay off?
#estafas #ETH #BTC #BonzoFinance $BTC $HYPE
Bonzo reports a total loss of 9 million dollars.
In that same wallet, more than 920 ETH were recorded in less than an hour, and less than 40 minutes ago another 77 ETH arrived.
📈 The Bitcoin Policy Institute has joined the fight against the New York case that would consider bitcoins in self-custody that have been held for a long time as “abandoned.”
If coins aren’t touched for 5 years, are they considered abandoned or are they kept in HODL?
🏦 The IMF warns that dollar-linked stablecoins could trigger a massive withdrawal similar to what happens in banks during crises. #stablecoin
💸 #hype One “whale” with losses of ~491.4 thousand dollars on Hyperliquid holds ~3.27 million dollars in long positions.
Long positions:
3.09 million dollars in $eth (25x)
183,900 dollars in $CASHCAT (3x)
The account is 100% in long positions with no free margin, while the liquidation threshold of $ETH is only 3.16% below the current price.
Will this all-or-nothing bet pay off?
#estafas #ETH #BTC #BonzoFinance $BTC $HYPE
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