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Cronos halts blockchain after $75 million lending exploit hits lending app Tectonic
An attacker allegedly pushed Tectonic’s thinly traded TONIC token up 100-fold, used it as collateral to borrow real assets and left most funds stranded when Cronos validators paused the network.
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cryptobriefing.com
Cronos network halts after $75M Tectonic exploit drains lending protocol
Cronos validators halted block production after a $75M exploit drained Tectonic lending protocol through TONIC token price manipulation, trapping
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theblock.co
Crypto.com-linked Cronos network halts after Tectonic exploit estimated at $75 million
Li says the attacker manipulated the price of Tectonic's illiquid TONIC token before borrowing against the inflated collateral, a Mango Markets-style hack.
