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Supra Oracle — Bonzo Lend Attack Vector

avoid.net/supra-oracle-bonzo-lend-attack-vector12/100·88% conf.
[AI-DRAFTED · AWAITING VERIFICATION]

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Summary

On July 11, 2026, Hedera's largest lending protocol Bonzo Lend lost approximately $9.05 million after an attacker exploited a signature verification flaw in Supra's on-chain oracle verifier contract. The vulnerable code had been live for at least two years and was deployed to 11 other chains — all of which received a security patch in the days before the Hedera attack — while the Hedera instance remained unpatched. Supra, founded in 2020 and backed by Coinbase Ventures and other institutional investors, is a cross-chain oracle and infrastructure network whose verifier flaw carries systemic risk to any dependent protocol.

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Supra Oracle — Bonzo Lend Attack Vector
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    Timeline(13 events)

    March 2024

    Bonzo Finance migrates from Chainlink to Supra oracles on Hedera, citing Chainlink's absence from the network.

    Blockchain Reporter

    29 June 2026

    Supra deploys patched SupraSValueFeedVerifier to Base network — earliest confirmed patch in the pre-exploit rollout.

    Protos

    3 July 2026

    Supra patches oracle verifier on Polygon. At least 11 chains total receive the fix between June 29 and July 3, 2026. Hedera deployment is not patched.

    Protos

    11 July 2026

    At 00:39:53 UTC, attacker (Wallet A) deposits 250 SAUCE tokens (~$3 value) as collateral into Bonzo Lend on Hedera.

    Bonzo Finance Incident Report

    11 July 2026

    At 00:51:39 UTC, attacker submits manipulated SAUCE price to Supra oracle, inflated ~12 orders of magnitude. Supra verifier accepts the zeroed BLS signature.

    Bonzo Finance Incident Report

    11 July 2026

    At 00:51:47 UTC, Wallet A borrows 6,634,528 USDC. At 00:51:57 UTC, Wallet A borrows 34.5 million WHBAR. Total extracted: ~$9.05 million.

    Bonzo Finance Incident Report

    11 July 2026

    Between 01:11–01:36 UTC, Wallet B (alleged white-hat) borrows ~$1 million under the still-manipulated price window.

    Bonzo Finance Incident Report

    11 July 2026

    At 01:36 UTC, legitimate oracle publishing restores SAUCE to normal price (~0.1964 HBAR). At 01:41 UTC, Bonzo Lend is paused.

    Blockonomi

    11 July 2026

    Stolen assets bridged via LayerZero/Stargate to Arbitrum, Base, and Ethereum. Wallet A receives approximately $5.25 million equivalent (2,360 ETH, 15.58 WBTC). Funds subsequently routed through Tornado Cash.

    Rekt News

    11 July 2026

    Supra deploys the patched verifier to Hedera mainnet approximately 6 hours after the exploit. Fuse network also patched post-exploit.

    Protos

    11 July 2026

    Hedera network DeFi TVL falls ~40% within 24 hours to ~$25.7 million. Bonzo Lend TVL falls 77%.

    CoinDesk

    13 July 2026

    Supra CEO Joshua Tobkin publicly addresses the attacker, acknowledges two-year on-chain exposure of the vulnerable code, cites AI-assisted hacking as likely exploit vector, and offers $100,000 bounty + immunity + job offer for fund return. No funds recovered from Wallet A as of reporting.

    CoinSpectator / Protos

    23 July 2026

    Solido Money protocol suffers a separate exploit involving SUPRA token pricing errors in its Solido Cash product; approximately 293.7 million SUPRA tokens stolen (~$900,000 at time of attack).

    Analytics Insight
    Provenance & Audit Trail

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (3 events). 16 of 16 cited source URLs have an Internet Archive snapshot.

    model: claude-sonnet-4-6

    generated: 8/9/2026, 12:29:27 PM

    last updated: 8/25/2026, 7:40:30 PM

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