Tectonic TONIC

Tectonic is a lending protocol built on the Cronos network. The project recently experienced a significant security incident when an exploit drained approximately $75 million from the protocol, triggering a halt of the underlying Cronos network. The incident has underscored broader concerns about vulnerability management in decentralized finance platforms and the interconnected risks when protocol failures can cascade to affect entire blockchains. Security measures across DeFi infrastructure remain a focal point of industry scrutiny following such events.