DeFi Lending Under Siege: $90M+ Lost as Protocols Exploited Across Three Chains

Cronos halted its entire blockchain for over 10 hours after a $75 million exploit hit Tectonic, the DeFi lending protocol linked to Crypto.com. An attacker pumped Tectonic's TONIC governance token by 100-fold within 20 minutes, exploiting its 20% collateral factor and razor-thin liquidity. The inflated TONIC was then used as collateral to borrow real assets — a classic Mango Markets-style pump-and-borrow attack. Roughly $6.29 million in ETH escaped...