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Oracle Security
Oracle security is crucial in DeFi, as these services provide external data to smart contracts; vulnerabilities can lead to incorrect pricing or execution, resulting in financial losses.
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Bonzo Lend Suffers $9M Oracle Exploit on Hedera, Value Locked Plummets
By Owais Farooq
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2 weeks ago
Decentralized lending protocol Bonzo Lend experienced a significant exploit, losing $9.05 million due to a vulnerability in a third-party oracle on the Hedera network, causing its total value locked to drop sharply.
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