Involving $120 Million, Approximately $9.19 Million from the Tectonic Attack Remains Unrecovered

Odaily News Tectonic released a report on the August 30 attack: the attacker manipulated the TONIC price to approximately 195 times its normal value and used it as collateral in a loop, borrowing approximately $120 million from 9 lending markets. After Cronos paused the network and restored its state, most assets returned to their pre-attack status, but approximately $9.19 million had already been transferred across chains and has not yet been recovered. The team plans to phase out low-liquidity collateral and set borrowing caps for the markets.