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      Tectonic Discloses Attack Incident: Involves $120.4 Million, Approximately $9.19 Million Not Yet Recovered

      PANews, September 8 —, Cronos lending protocol Tectonic released a report on the August 30 attack: the attacker manipulated the TONIC price by approximately 195 times and used recursive collateral to borrow approximately $120.4 million from 9 lending markets. After Cronos paused the network and restored the state, most assets returned to their pre-attack state, but approximately $9.19 million had been transferred cross-chain and not yet recovered. The team plans to phase out low-liquidity collateral and set market borrowing caps.


      Source: PANews
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud