First seen31 Aug, 07:16
Tectonic Exploit Forces Cronos to Halt: $75M at Risk
The Cronos network has been halted following a major exploit targeting Tectonic, the DeFi lending protocol that held approximately $121.6 million in total value locked, roughly 46% of all Cronos DeFi TVL, before the attack hit. The attacker targeted TONIC, Tectonic’s illiquid governance token, and drove its price up approximately
TheNewsCrypto•Sarayu Krishna
