📊 $75M exploit hits Tectonic — Cronos halts the network.
→ Crypto.com's app and exchange are safe, but the Cronos chain itself was frozen mid-attack.
🔹 The attacker pumped TONIC 100x in 20 minutes, then borrowed against it — Mango-style meets thin liquidity.
🔹 A 20% collateral factor on TONIC made it all possible, per researcher Weilin Li.
🔹 Most of the $75M still sits on Cronos, but no official numbers or cause are confirmed.
🔹 No restart date yet, and Tectonic is telling users to stay away.
💡 If a token can pump 100x in 20 minutes, your collateral factor is a welcome mat.
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💰 FinCryptoDaily
1August 31, 2026 375
