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 fraudulently. Around $6 million of the stolen funds moved to Ethereum before the halt, while most remain on Cronos. Crypto.com's centralized exchange and app were unaffected, but no timeline for network restart, recovery, or user compensation has been announced yet. The incident highlights risks in DeFi protocols using weak collateral valuation methods.
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 ...
World Liberty Financial's USD1 stablecoin has surpassed $4 billion in circulation, driven mainly by institutional use such as a $2 billion Binance investment by MGX. CEO Zach Witkoff denies political ties to the Trump family influenced this growth. T...
