Security
Cronos Blockchain Halted After $75 Million Exploit Targets Tectonic Lending Protocol
CoinCentral·August 31, 2026·1 min read
An attacker manipulated the price of the TONIC token 100-fold in 20 minutes to exploit Tectonic, Cronos's largest lending platform. The attacker used inflated TONIC as collateral to borrow real assets, with losses estimated at around $75 million. Cronos halted its entire blockchain to stop the attack.
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