Cronos Blockchain Paused After $75M Tectonic Lending Exploit
Cronos halted its blockchain after a major exploit drained $75 million from the Tectonic lending protocol, leaving most stolen funds stranded on-chain and raising urgent questions about protocol risk and user recovery
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DeFi Lenders Tectonic and Moonwell Hit by $83M Price Manipulation Attacks
Two decentralized lending protocols, Tectonic and Moonwell, suffered over $83 million in losses after attackers exploited thinly traded tokens to inflate collateral values and drain liquid assets
ECB Advances Tokenized Finance With Pontes and Appia Initiatives
The European Central Bank is developing infrastructure to let banks settle tokenized assets on distributed ledgers using central bank money, aiming to reduce market fragmentation and maintain regulatory safeguards as digital finance evolves
Insurance Giants Face Scrutiny Over Private Credit and Liquidity Risks
Major U.S. life insurers are under federal investigation after disclosing over $20B in related-party private credit holdings, raising new concerns about liquidity and valuation risks as private equity ownership in the sector grows
