Tectonic cryptocurrency lending platform hit by cyberattack
Incident
Updated: 31.08.2026 23:47
· First: 31.08.2026 23:47
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· H score: 54
The Tectonic lending platform on Cronos suffered a price-manipulation exploit that let an attacker borrow $74 million in assets and caused major losses. Cronos halted and then restored the chain after the incident, keeping the platform under investigation and increasing concern about DeFi collateral manipulation.