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Fraudsters steal $6 million from Tectonic crypto platform after inflating token price
August 31, 2026 · The Record · Severity: MEDIUM
At least $6 million was stolen from crypto platform Tectonic after an attacker manipulated the price of the Tonic coin over the weekend.
Key Takeaways
- Attackers manipulated Tonic coin price to steal $6 million from Tectonic platform.
- The exploit involved inflating token price before draining funds from the platform.
- Crypto platforms remain vulnerable to price manipulation attacks despite security measures.