Bonzo Lend, a DeFi lending protocol on Hedera, suffered a $9.05 million loss due to an exploit on July 11, 2026. The incident stemmed from the manipulation of a third-party oracle service, which incorrectly inflated the value of certain tokens, allowing an attacker to borrow more assets than collateralized. This caused Bonzo Lend's total value locked (TVL) to drop by 77%.