← All stories
Security 1 sources

Tectonic’s $75M exploit was not an oracle failure, RedStone co-founder says

Covered by 1 source · 1 article

In this story

RedStone has said Tectonic’s estimated $75 million exploit resulted from weak collateral controls rather than an inaccurate oracle after TONIC’s reported price rose about 100-fold in 20 minutes. RedStone co-founder Marcin Kazmierczak told c…

Covered by

All coverage

Tectonic’s $75M exploit was not an oracle failure, RedStone co-founder says
Crypto.news 1h ago

Tectonic’s $75M exploit was not an oracle failure, RedStone co-founder says

RedStone has said Tectonic’s estimated $75 million exploit resulted from weak collateral controls rather than an inaccurate oracle after TONIC’s reported price rose about 100-fold in 20 minutes. RedStone co-founder Marcin Kazmierczak told c…