#Cronos halted its network after a $75M exploit on Tectonic The attack exposed a serious weakness in #Tectonic’s lending protocol. The attacker artificially pushed the price of the low-liquidity #TONIC token roughly 100x higher, then used the inflated token as collateral to borrow around $75M worth of assets. Cronos halted the network before most of the funds could leave. Only about $6M had been bridged to #Ethereum, while roughly $60M remained locked on Cronos when the network was stopped. The damage to Tectonic was immediate: its TVL collapsed from around $120M to just $3M. https://t.co/WuTjtE1puj said its exchange and app were not affected by the incident. This is another reminder of one of #DeFi's biggest risks: a token price can look legitimate on an oracle while having almost no real liquidity behind it. A 100x price move doesn't necessarily create $100x more value - but a lending protocol can still treat it as real collateral.