Crypto.com-affiliated Cronos blockchain halted after Tectonic theft

· Molly White · Aug. 31, 2026, 2:32 p.m.
Summary
The Cronos blockchain, linked to Crypto.com, was halted for almost 24 hours following a $75 million price manipulation attack via the Tectonic lending platform. The attacker exploited the system by borrowing against inflated collateral, leading to significant criticism of Cronos' decentralization and inability to maintain immutability.
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