Tectonic disclosed an attack incident: involving 120.4 million USD, approximately 9.19 million USD has not been recovered

Cronos lending protocol Tectonic released an attack incident report on August 30: the attacker manipulated the TONIC price by approximately 195 times and looped collateral, borrowing about $120.4 million from 9 lending markets. After Cronos paused the network and restored the status, most assets returned to their pre-attack state, but about $9.19 million has been transferred across chains and has not yet been recovered.

The team plans to eliminate low liquidity collateral and set a market borrowing limit.