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TectonicFi hit by ~$74M exploit on Cronos; attacker bridged ~$6M to Ethereum before chain pause

AI Market Summary

PeckShield reports a ~$74M exploit of TectonicFi on Cronos. The attacker bridged only ~$6M to Ethereum before the chain was paused, leaving roughly ~$60M stranded on Cronos. The incident highlights acute smart-contract and bridge risk, likely tightening liquidity and risk appetite across Cronos-linked DeFi while drawing near-term attention to any Ethereum-side laundering or settlement flows.

Impact level

● High

Affected assets

ETH/USDT+4.89%

AI Insight · ETH/USDTAI Insight

▼ Bearish

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TectonicFi suffered an exploit on the Cronos chain, with losses estimated at about $74 million. The attacker managed to bridge roughly $6 million to Ethereum before the chain was paused, according to PeckShield. About $60 million remains stuck on Cronos.

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