a guy on hedera just turned $3 into $9 million and i need everyone to sit with that for a second.
bonzo lend, the biggest lending protocol on hedera, got absolutely folded overnight.
the attacker dropped 250 SAUCE tokens worth basically nothing as collateral.
then fed the oracle a fake price that was inflated by twelve orders of magnitude. twelve. not a typo.
eight seconds later he borrowed 6.6 million usdc and 34.5 million wrapped hbar against his little $3 deposit like it was nothing. π
meanwhile a second wallet apparently did the same trick, grabbed a cool million, then dm'd the team like "oops im actually a good guy here's your money back." sure buddy.
funds are already bridged over to ethereum, obviously, because nothing says "trust the process" like watching stolen money hop chains in real time.
hbar dipped on the news and korean exchanges are already out here posting warning signs like a lifeguard who showed up after everyone already drowned.
this is the third hedera/defi hack this month alone. third.
i'm not saying oracles are a scam waiting to happen but i am absolutely saying that. π
anyway back to watching my bags do nothing while other people's contracts get eaten alive.
