Cronos paused its entire blockchain following a $75 million exploit targeting Tectonic, its largest decentralized lending protocol. The attacker manipulated the price of Tectonic's native token, TONIC, inflating it drastically to borrow valuable assets fraudulently. This caused Tectonic's total value locked to plummet from $121.7 million to about $3 million. Cronos has not yet announced when the blockchain will restart or the final loss amount, highlighting risks in DeFi protocols with low liquidity and price manipulation vulnerabilities.
Cronos validators stopped block production on August 30 following a $75 million exploit in Tectonic, a decentralized lending protocol on its blockchain. The attack involved inflating the price of Tectonic's governance token, TONIC, to borrow assets f...
On August 30, 2026, the Cronos blockchain stopped block production after an attacker exploited the Tectonic lending protocol, draining between $66 million and $75 million, with some estimates up to $120 million. The attacker manipulated the price of ...
Cronos Network stopped block production after an attacker exploited Tectonic, its largest lending protocol, causing preliminary losses near $75 million. The attacker manipulated Tectonic's governance token TONIC, inflating its price about 100-fold in...
On August 30, 2026, the Cronos blockchain stopped block production after an attacker manipulated the price of Tectonic's TONIC token by about 100 times within 20 minutes. The attacker used the inflated token as collateral to borrow and drain $66M to ...
Cronos (CRO) price rose 27.7% over the past week to $0.0606, recovering from a 12-month low of $0.0462 but still trading 81.5% below its 12-month high of $0.3284. The token reclaimed its 50-day moving average but remains below the 200-day average at ...
