Bonzo Finance Labs said in a post on X that the Bonzo Finance Foundation will provide full reimbursement following the July 11 oracle attack that affected Bonzo Lend. The compensation will be calculated based on users’ position status before the incident. According to the statement, the funds for the reimbursement will be backed by a recovery mechanism pledged by the Hedera Foundation. The update addresses the fallout from the attack and outlines how the project plans to cover affected positions.
Bonzo Finance Labs said in a post on X that the Bonzo Finance Foundation will offer full reimbursement for the July 11 oracle attack that affected Bonzo Lend.
The firm said compensation will be based on position status before the incident. Funding for the reimbursement will be supported by a recovery mechanism pledged by the Hedera Foundation.
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