Cronos halts blockchain after $75 million lending exploit hits lending app Tectonic

CoinDesk · 2026-08-31T04:57:13.000Z

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: CoinDesk · · fact-reporting

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