The Cronos network is at risk of approximately $119.5 million due to the suspension of the Tectonic loan agreement gap

The Cronos network has been suspended because of a gap in the Tectonic loan agreement, and preliminary analysis shows that some $119.5 million is at risk. By manipulating Tonic prices, the attackers borrowed their assets using a very high collateral, causing heavy losses to the Tectonic lending pool. The Tectonic team has not confirmed the final loss, but is investigating and warning users not to interact with the agreement for the time being. During the attack, the attackers recovered approximately $119.5 million in just 65 minutes, leaving only about $1.73 million in the affected markets。