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Cronos blockchain restarts after $74 million Tectonic exploit

August 31, 2026 · BleepingComputer · Severity: HIGH

The Cronos blockchain network has resumed trading activity after a price-manipulation attack on the Tectonic cryptocurrency lending platform allowed an attacker to borrow $74 million.

Key Takeaways

  • The Cronos blockchain resumed trading after a $74 million exploit on Tectonic.
  • The attack involved price manipulation on the Tectonic lending platform.
  • The attacker borrowed $74 million through the exploit.
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