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Tectonic exploit drains $6M from Crypto.com-linked Cronos blockchain before validators pull the emergency brake
An attacker manipulated the TONIC token price 100x in 20 minutes, borrowed $75M from Tectonic on Cronos, and bridged $6M to Ethereum before
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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.
