Cronos pauses block production; Tectonic’s estimated losses are about $75M. Actually, the loophole isn’t in the contract itself, but in the collateral: the TONIC price is first pushed up, and then money is borrowed at an inflated value. The contract never shows its hand—the collateral gets “beautified” first. Assets that can be pushed to abnormal prices in a short time probably shouldn’t even be on the collateral whitelist. In that whitelist, how many tokens can be pulled up with a single push?

https://www.theblock.co/news/defi/2026-08-30-crypto-com-linked-cronos-network-halts-after-tectonic-exploit-estimated-at-75-million-413069

Source: @ChaseWang on X