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Cronos Shuts Down Blockchain Following Massive $75M Attack On Tectonic Platform

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TL;DR Attack Mechanics: TONIC’s thin liquidity allowed an attacker to inflate its price 100‑fold, deposit it into Tectonic, and borrow real assets, triggering an estimated $75 million loss. Cronos Shutdown: Cronos halted its blockchain to c…

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Cronos Shuts Down Blockchain Following Massive $75M Attack On Tectonic Platform
Crypto Economy 19h ago

Cronos Shuts Down Blockchain Following Massive $75M Attack On Tectonic Platform

TL;DR Attack Mechanics: TONIC’s thin liquidity allowed an attacker to inflate its price 100‑fold, deposit it into Tectonic, and borrow real assets, triggering an estimated $75 million loss. Cronos Shutdown: Cronos halted its blockchain to c…