CRO Falls 8.45% After $75M Tectonic Attack and Cronos Blockchain Halt
- —CRO fell 8.45% in 24 hours to $0.061, erasing a 5.36% weekly gain
- —A $75 million price manipulation attack hit Tectonic, a lending protocol on Cronos
- —The Cronos blockchain was halted following the incident
- —Daily volume ran 58.75% above the 30-day average, with liquidations marginal
Why it matters: The network halt and $75 million exploit undermine confidence in the Cronos ecosystem; selling pressure may persist until price reclaims the $0.063 SMA-200.
Source: DiarioBitcoin