Bonzo Lend loses $9M in oracle exploit on Hedera

An attacker inflated the value of SAUCE collateral and borrowed $9 million from Bonzo Lend through a flaw in Supra’s on-chain oracle verifier....
Coins in this story
Related stories

Bitcoin price gains nearly 10% in July, but traders still see BTC copying 2022 bear market
Bitcoin price gains approached 10% for the first two weeks of the month, but analysis warned of the bear market returning from August onward....

Circle can now open a US trust bank but cannot take ordinary deposits or make loans
Circle National Trust starts with custody for Circle and affiliates, while outside institutional custody and USDC reserve management remain future possibilities. The post Circle can now open a US trust bank but cannot take ordinary deposits or make loans appeared first on CryptoSlate....

Dollar stablecoins could improve FX access but amplify currency runs: IMF paper
An IMF paper warns dollar stablecoins offer better foreign-currency access in countries with restricted exchanges but risk amplifying currency runs during crises. The analysis shows stablecoins' transparent pricing signals coordinated local-currency exits during exchange-rate stress. Argentina and Bolivia already use USDT as parallel FX benchmarks, highlighting adoption despite regulatory concerns about currency substitution and capital-flow circumvention.