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Crypto

Cronos Plunges After $75 Million Tectonic Exploit

Guavy AI Editorial Team
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CRO
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Cronos (CRO) is trading at $0.05544 after a significant exploit on the Tectonic DeFi lending protocol allowed an attacker to withdraw approximately $75 million in assets.

The attack involved manipulating the thinly traded TONIC token, causing its total value locked to fall from $121.7 million to just $3 million.

Cronos validators froze the blockchain after detecting the exploit on August 30, 2026, leaving about $60 million stranded on Cronos and sharply undermining user confidence in the platform.

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