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

CoinDesk · Aug 31, 2026

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Risk contextUnknownOperational, security or regulatory context
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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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