Security Incident
Tectonic Price Manipulation: $120.40M Reported Loss
On August 30, 2026, an attacker looped borrowing and re-supplying Tectonic’s governance token TONIC as collateral while manipulating its price by ~195x, then borrowed about $120.4 million from multiple Tectonic lending markets in one transaction.
- Reported loss
- $ 120,400,000
- Attack category
- Price Manipulation
Incident Overview
Cronos halted and rolled back the chain, restoring on-chain assets to the pre-exploit state; approximately $9.19 million that left Cronos before the halt remains unrecovered. Supply and borrow remain paused.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.