Cronos resumed normal operation after halting the network in response to a price-manipulation exploit on Tectonic that enabled an attacker to borrow $74 million. The attacker inflated TONIC’s price 100 times in 20 minutes, but only about $6 million in Ethereum was actually stolen while the rest of the funds remained stuck on Cronos. #Cronos #Tectonic #TONIC #PeckShield
Keypoints
- Cronos paused the blockchain after a Tectonic exploit was detected.
- The attacker inflated TONIC’s price by 100 times in about 20 minutes.
- The manipulated collateral let the attacker borrow $74 million.
- Only about $6 million in Ethereum was successfully stolen.
- Cronos restored the chain state and restarted block production.