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Bonzo Finance Commits Full Compensation for Oracle Attack Losses on July 11, Backed by Hedera Foundation

Security Incidents Project Progress

2026-07-17 00:48:04

HBAR-1.74%

According to Bonzo Finance Labs' statement on July 17, the foundation will provide full compensation to users affected by the oracle attack on July 11 that impacted Bonzo Lend, based on account positions held at the time of the incident.

The recovery will be supported by Hedera Foundation's committed recovery mechanism, ensuring affected users receive complete reimbursement for losses incurred.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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