Cronos Restarts After Tectonic $74M Exploit
🔔 The Cronos blockchain resumed trading after a rapid price-manipulation attack on the Tectonic lending platform allowed an attacker to borrow $74 million. The attacker inflated the TONIC token price by 100x within 20 minutes and used it as collateral; only about $6 million in ETH was withdrawn while the rest remained on Cronos. Cronos halted the chain, restored state to before the exploit, and resumed block production while investigations continue.
