xiyu|Sep 01, 2026 00:39
The Tectonic lending protocol on the Cronos chain was attacked, forcing the Cronos blockchain supported by http://(Crypto.com) to halt block production and roll back. Preliminary estimates suggest around $74 million was stolen.
Validators discarded nearly 11,000 blocks, erasing about two hours of transactions, with $6.29 million already bridged to Ethereum and unrecoverable through the rollback. The attack involved oracle price manipulation, as TONIC's price relied on only two sources, similar to the Mango Markets incident.
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