Tectonic Protocol Loses $74 Million in Massive Hack While Baja Local Refuses to Panic
The Cronos lending protocol Tectonic just took a brutal $74 million hit in a collateral price manipulation exploit, making it the crown jewel of August's record-breaking $136 million hacking spree. Down here in Baja, the power grid went out for the third time this week, the Pacific surf is firing overhead, and frankly, I care about smart-contract exploits about as much as a dead pelican. Let the hackers drain the liquidity pools; I'm too busy trying to trade a warm Tecate for an extra bag of ice before the Pemex station closes.