GoKawiilCronos blockchain back online after $74M Tectonic lending exploit
An attacker manipulated the price of Tectonic's TONIC token by 100x in just 20 minutes, using the inflated collateral to borrow $74 million on the Cronos network. Only about $6 million in Ethereum was actually withdrawn before Cronos halted the chain, with the remainder of the funds left stranded. Cronos validators froze operations, rolled back the chain state to before the exploit, and resumed block production hours later.