Cronos’ $74M Tectonic Exploit Exposes a Risk Investors Can’t Ignore
A $74 million DeFi exploit has turned the spotlight on an uncomfortable question for Cronos investors: how much risk is hiding beneath the surface of a blockchain ecosystem that can be brought to a halt by an attack on a single lending protocol?
On August 30, Tectonic, the largest lending platform on Cronos, was exploited after an attacker manipulated the price of its native TONIC token and used the inflated value as collateral to borrow other crypto assets.
You can read more here: https://cryptosignals.org/blockchain/cronos-74m-tectonic-exploit-exposes-a-risk-investors-cant-ignore/
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Cronos’ $74M Tectonic Exploit Exposes a Risk Investors Can’t Ignore - cryptosignals.org
On August 30, Tectonic, the largest lending platform on Cronos, was exploited after an attacker manipulated the price of its native token
