Cronos blockchain resumes operations following $74 million Tectonic exploit
The Cronos blockchain network has restarted its trading activities after a price-manipulation incident involving the Tectonic cryptocurrency lending platform, which enabled an attacker to borrow $74 million. Recent reports indicate that the perpetrator artificially boosted the price of Tectonic’s TONIC token by a factor of 100, subsequently using it as collateral to secure real assets….
