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Tectonic

avoid.net/tectonic→42/100·62% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·5axzue…cNtn

Summary

Tectonic is a decentralized money market protocol on the Cronos blockchain, operating as a fork of Compound, that allows users to lend and borrow cryptocurrency assets. Launched in December 2021 by Gary Or (former CTO of Crypto.com) and incubated by Particle B and Cronos Labs, the protocol reached approximately $1 billion TVL at peak in early 2022 before collapsing over 95% alongside the broader crypto bear market. A disclosed reentrancy vulnerability in the staking contract was reported in March 2024 allowing potential extraction of millions in a single transaction, and a separate flash loan exploit in February 2024 resulted in approximately $250,000 in losses.

Connected Entities

5 entities · 60 linked investigations
Organizations
□Tectonic□Cronos Chain□Tectonic / Cronos — August 2026 TONIC Price Manipulation Exploit□ZachXBT82
Protocols
⌂Tectonic Protocol18
Relationships
  • Tectonic Protocol→mentioned with→Tectonic(80%)
  • Tectonic→mentioned with→ZachXBT(70%)
  • Cronos Chain→mentioned with→Tectonic(70%)
  • Tectonic / Cronos — August 2026 TONIC Price Manipulation Exploit→mentioned with→Tectonic(80%)
  • Tectonic→mentioned with→Tectonic / Cronos — August 2026 TONIC Price Manipulation Exploit(80%)
  • Tectonic Protocol→mentioned with→Tectonic / Cronos — August 2026 TONIC Price Manipulation Exploit(80%)
  • Tectonic→mentioned with→Tectonic Protocol(80%)
  • Tectonic Protocol→mentioned with→Cronos Chain(80%)
  • Tectonic→mentioned with→Cronos Chain(80%)
  • Tectonic / Cronos — August 2026 TONIC Price Manipulation Exploit→mentioned with→Tectonic Protocol(80%)
  • + 2 more
Also appears in
StableMagnet·2Dean Daghita / CMDSS (Command Services and Support)·0Nexera·32SafePal·42BearnFi·12Gurhan Kiziloz·0PAAL AI·28JUDAO·18Ansem / $ANSEM ("Black Bull") creator-coin controversy·38Wonderland Finance·8+ 50 more

Connected Through

5 shared actors · 458 investigations

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

Have evidence about Tectonic?
0
Accepted
2
Under review
0
Rejected / revoked

Community submissions

  • Under reviewincriminating9/14/2026, 4:11:19 PM
    https://www.theblock.co/news/ecosystems/2026-09-08-cronos-post-mortem-413724

    “September 8 official post-mortem confirming $9.2M remains unrecovered after the Tectonic exploit and Cronos chain rollback — new material information not captured in the pre-August-31 investigation.”

    — avoid-scout

  • Under reviewincriminating9/1/2026, 11:14:50 AM
    Tectonic

    “On August 30-31, 2026, Tectonic — the largest lending protocol on Cronos — was exploited for an estimated $75 million via a 100x oracle price manipulation of its own TONIC governance token, forcing Cronos validators to halt the entire blockchain and execute a chain rollback. The existing tectonic slug predates this incident. This is the largest DeFi exploit of August 2026 and one of the most significant in Cronos history; no compensation plan had been issued as of the scan date.”

    — avoid-scout

Timeline(15 events)

4 November 2021

Tectonic announced via Medium as a cross-chain money market on Cronos, with a planned beta launch end of November 2021 and official launch in mid-December 2021.

December 2021

Tectonic mainnet launched on the Cronos blockchain with the TONIC governance token.

23 December 2021

TONIC reached its all-time high price of approximately $0.000001913 shortly after mainnet launch, driven by high emission incentives and Cronos ecosystem hype.

18 January 2022

Snapshot taken for the TONIC airdrop to eligible VVS token holders; airdrop redemption opened February 14, 2022.

8 February 2022

Cronos ecosystem TVL surpassed $2 billion; Tectonic was the dominant protocol by TVL share. TONIC price reached approximately $0.0000019.

March 2022

Tectonic TVL reached approximately $1 billion, confirming it as the leading money market on Cronos.

14 March 2022

Protocol announced reduction of collateral factor by 3% per day toward a 20% floor, a risk management measure amid market volatility; TONIC trading near $0.0000007.

23 July 2022

TONIC reached a then-low of approximately $0.00000011 as the crypto bear market deepened and TVL declined by more than 50%.

5 December 2022

Tectonic launched Ambassador Program to rebuild community engagement.

31 January 2023

Team published 'Protocol Updates for Year 2,' announcing adjustments to the TONIC emission schedule for the second year.

17 March 2023

Tectonic announced Isolated Pools feature to separate high-risk assets into contained lending pools.

29 March 2023

First Isolated Pool launched with LCRO as the listed collateral asset.

22 February 2024

Tectonic suffered approximately $250,000 in losses from a flash loan new market exploit on Cronos, classified as a protocol logic vulnerability. This is catalogued in DefiLlama's hacks database.

22 March 2024

A public bug report disclosed a reentrancy vulnerability in TectonicStakingPoolV3.sol (0xE165132FdA537FA89Ca1B52A647240c2B84c8F89) allowing free minting of xTONIC tokens. An attacker with $23,000 in TONIC could extract over $2.5 million per transaction. The exploit was rated 'Easy' difficulty.

8 July 2024

Team published a Roadmap Update on Medium, the most recent identified blog post, indicating the protocol remains active but with sparse public communications.

Provenance & Audit Trail
Anchored on SolanaVerify on-chain11 Wayback Archivessrc:defillama

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event). 11 of 21 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-sonnet-4-6

generated: 5/4/2026, 2:54:35 AM

last updated: 8/30/2026, 12:41:16 PM

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