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

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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.

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

Source：CoinDesk

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Source：https://www.coindesk.com/tech/2026/08/31/cronos-halts-blockchain-after-usd75-million-lending-exploit-hits-lending-app-tectonic