Cronos halts blockchain after $75 million lending exploit hits lending app Tectonic
Reported by CoinDesk · coindesk.com · August 31, 2026
An attacker allegedly pushed Tectonic’s thinly traded TONIC token up 100-fold, used it as collateral to borrow real assets and left most funds stranded when Cronos validators paused the network.
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What to watch: This report cites a concrete figure ($75 million) — compare it against the trailing trend before treating one data point as a turning point.
Market reaction today: $CRON +0.00%
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