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CoinDesk

Cronos halts blockchain after $75 million lending exploit hits lending app Tectonic

Cronos halts blockchain after $75 million lending exploit hits lending app TectonicWorldPing

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.

This is a short WorldPing brief. The full report was published by CoinDesk.

Read the full report at CoinDesk

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