Cronos suspended operation due to oracle manipulation attack on Tectonic, involving $75 million

According to The Block, the Cronos Network associated with CryptoCom has been suspended due to a oracle manipulation attack on its lending protocol, Specialty. The attacker raised the price of TONIC by about 100 times within about 20 minutes and used it as collateral to lend out assets, involving an amount of about $75 million, of which about $6 million has been cross chain to Ethereum, and the remaining assets were unable to be transferred out due to Cronos' blockchain shutdown. This technique is similar to the attack on Mango Markets in 2022, and Tectonic has not yet confirmed the specific amount and root cause.