🚨 $75M CRYPTO EXPLOIT A hacker reportedly drained around $75M from Tectonic, a Cronos-based lending protocol. The attacker allegedly pumped TONIC 100×, then used the inflated tokens as collateral to borrow other assets. ⛓️ Cronos halted the blockchain, leaving about $69M trapped on-chain. The $75M estimate has not yet been independently confirmed. #Crypto #Cronos #DeFi #TONIC #Hack
Vishal TechzoneShare

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.