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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. Source: Read the original article on www.coindesk.com

By deepak · August 31, 2026 · 1 min read

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.

Source: Read the original article on www.coindesk.com