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first_img The Cronos network has suspended operations due to an attack on Tectonic, with estimated losses of around 75 million dollars

The Cronos network associated with Crypto.com has paused operations after detecting an attack on the lending protocol Tectonic. The Cronos Network stated on the X platform that it has identified vulnerabilities on Tectonic and has paused the network. Tectonic also confirmed that it is investigating the related incident and advised users not to interact with the protocol until safety is confirmed. According to DefiLlama data, Tectonic had a total locked value of approximately $121.7 million before the incident, with active loans of about $82.7 million.On-chain researcher Weilin Li attributed the attack to price manipulation of the TONIC token. The attacker bought enough TONIC within 20 minutes to inflate its price by about 100 times, and then used the inflated tokens as collateral to borrow other assets from Tectonic, a method similar to the 2022 Mango Markets oracle manipulation attack. Li initially estimated that the attacker profited about $66 million, and later discovered another address controlled by a different attacker containing about $8 million, bringing the total estimate to around $75 million. Li also stated that the attacker only successfully bridged about $6 million to Ethereum, as the pause on the Cronos network prevented most affected assets from flowing out.Crypto.com CEO Kris Marsalek stated that the company's app and exchange were not attacked, and its security team is assisting Tectonic with the investigation.

first_img Cosmos Labs admits to misjudging a vulnerability, resulting in an attack on six chains with a loss of 5.7 million dollars

Cosmos Labs released a technical report, admitting that it previously misjudged an integer underflow vulnerability in the Cosmos EVM, which led to attacks on six blockchain networks between August 20 and 25, resulting in a total theft of approximately $5.7 million in tokens. The attacker exploited the vulnerability to underflow account balances to the maximum value of 2^256-1, then performed a reverse operation to transfer the inflated balance out, thereby stealing tokens from the target accounts without creating tokens out of thin air.The report shows that researchers submitted the defect through a bug bounty program on April 25, but testers were unable to reproduce it on the existing Cosmos chain configuration, so Cosmos Labs silently patched it in May. Independent researchers confirmed in early August that the vulnerability affected all Cosmos EVM chains, and Cosmos Labs released a patch on August 19, but the first attack occurred about 20 hours later.In terms of specific losses, MANTRA lost 720.9 million tokens (approximately $3.6 million), TAC lost nearly 3 billion TAC, and KiiChain lost about 148 million KII. Both MANTRA and KiiChain criticized Cosmos Labs for not notifying the affected chains in advance and suggesting a shutdown, with KiiChain stating that the patch would take several days to deploy while a shutdown would only take a few minutes. Cosmos Labs stated that it has coordinated responses with 40 chains and assisted 13 chains in completing repairs or shutdowns before being attacked.

first_img Attackers stole over $1 million in user funds from the new Solana bank Avici

Solana's new bank Avici is facing ongoing attacks, with attackers having stolen over $1 million from users. The attackers' wallet holds 10,005.03 SOL (approximately $1.07 million) and about $11,600 in USDC and USDT. The attack method involves first calling the SubmitSignatures of the Avici authorization program, then calling the AddCollateralAdmin of the collateral program, and finally executing WithdrawCollateralAsset to withdraw the balance. Both of Avici's programs are upgradable and share the same standard Solana account instead of multi-signature upgrade permissions.Avici confirmed the incident 1 hour and 53 minutes after the first theft transaction, stating, "We are aware of the issue affecting card balance withdrawals and are working directly with all relevant partners to resolve it." Prior to this, users had reported stolen balances on social media. A real-time tracker established by anonymous on-chain analyst STACC recorded 125 different sending accounts, with transfer amounts ranging from approximately 9 USDC to over 26,000 USDT.As a result, the AVICI token fell 49.4% in 24 hours to $0.2175, with a market cap of approximately $2.84 million, hitting an all-time low. Avici raised funds through MetaDAO in October 2025, with an original cap of $3.5 million, but the final committed amount reached $34.2 million, and the team refunded 89.8% of the committed USDC.

MANTRA announces the review of the attack incident: A down-scaling vulnerability led to the transfer of over 720 million tokens, with approximately 37.96 million tokens frozen

On August 20, MANTRA Chain released a complete review report of the security incident, confirming that the attacker exploited an unsigned integer underflow vulnerability in the balance accounting layer of the upstream dependency cosmos/evm, unauthorizedly transferring a total of 720,923,967.99 MANTRA from two addresses, valued at approximately 3.6 million dollars based on the price before the attack. Among them, the attacker transferred 600,000,035.56 MANTRA from the on-chain burn address and 120,923,932.44 MANTRA from a genesis-era multi-signature address related to an early incentive program.MANTRA stated that this incident did not involve the leakage of validator keys, administrator privileges, governance control, or multi-signature signers; the attacker did not require privileged access and could complete the attack solely through unauthorized contract deployment and self-funded wallets. The first abnormal transfer occurred at 19:06 UTC on August 20, when the attacker transferred approximately 600 million MANTRA from the burn address; subsequently, at 22:59 UTC, another transfer of approximately 120.9 million MANTRA was made. The chain subsequently stopped operating at 23:13 UTC and resumed after upgrading to v8.4.0. The entire network interruption lasted for 30 hours and 13 minutes.This vulnerability was not an issue with MANTRA's self-developed code but originated from the cosmos/evm module, which is responsible for providing EVM functionality on the Cosmos SDK. The vulnerability allowed the attacker to execute unsigned balance deductions without checking if the balance was sufficient, causing an overflow of values and bypassing normal account authorization logic. MANTRA stated that as of today, no funds have been recovered, with approximately 37.96 million MANTRA (accounting for 5.27% of the total transferred) still remaining in the attacker's address, which has been frozen due to the chain's suspension and v8.4.0 restrictions. The remaining funds have flowed to related trading platforms, and the recovery efforts have entered the law enforcement investigation stage. In the future, monitoring of accounts that cannot normally authorize transfers, burn addresses, and other historically "non-transferable" addresses will be strengthened, and efforts will be made to promote improvements in the security vulnerability disclosure process within the Cosmos ecosystem.

first_img OneKey reproduces the transaction replacement attack targeting the old version of the Ledger Ethereum application

The security team of the open-source wallet provider OneKey successfully replicated the exploitation of a vulnerability in the old version of the Ledger Ethereum application in a laboratory environment. OneKey's founder and CEO Wang Yishi stated that they executed a "transaction replacement attack" on Ledger Ethereum application version 1.22.1 by exploiting a previously patched vulnerability, allowing attackers to overwrite pending transactions while users review legitimate transactions.Ledger responded that exploiting this vulnerability requires controlling the communication between the device and the host, such as through malware, compromised wallet software, or malicious web pages. Ledger has added application layer protections in the Ethereum application version 1.22.2 released on August 13 and fixed the underlying issue in Secure SDK 26.6.1 on August 21. Ledger emphasized that no users were hacked as a result; this was merely a replication of the vulnerability in a laboratory environment.This security test occurred after the Coldcard vulnerability incident. Previously, the Coldcard wallet had a firmware vulnerability that posed security risks to some mnemonic phrase generation, but Ledger stated that its devices were not affected by this vulnerability because recovery phrases are generated by a certified random source built into the device's secure chip. The vulnerability replicated by OneKey is unrelated to mnemonic phrase generation but affects the way transactions are processed during the signing process.

The Sandbox: Compensation will be carried out based on the on-chain snapshot before the attack, and the compensation application process is expected to open within two weeks

The Sandbox released an update on the security vulnerability attack incident involving the SAND cross-chain bridge, stating that the attacker modified the verification mechanism to forge cross-chain deposit messages and mint unbacked SAND. This incident resulted in approximately 14.7423 million SAND being withdrawn, valued at about $697,000. Additionally, some uncollateralized SAND was profited through market trading, leading to an overall economic impact of approximately $1.497 million, of which the attacker actually obtained about $987,000.The Sandbox stated that the attack did not affect the supply of SAND on Ethereum and Polygon, with the total amount of SAND on Ethereum remaining unchanged at 3 billion. There were also no super administrator privileges stolen, and the attack stemmed from a vulnerability caused by the combination of the general call function in the token contract and the design of bridge permissions. Currently, the related addresses have been marked, and collaboration has begun with exchanges, security agencies, and the LayerZero team.For affected users, The Sandbox promises to compensate wallets holding legitimate bridged SAND with a 1:1 ratio of SAND on the Ethereum chain based on an on-chain snapshot taken before the attack. The compensation application process is expected to open within two weeks and will last for two weeks.
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