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 20 minutes, which increased borrowing power and allowed large unauthorized withdrawals. Most stolen assets remain trapped on the halted Cronos blockchain, limiting further damage while investigations continue. The final financial impact and recovery plans are still uncertain, with Tectonic advising users not to interact with the protocol until further notice.
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...
