An attacker manipulated Tectonic's thinly traded TONIC token by pumping it about 100x, used it as collateral to borrow real assets, and drained roughly $75M before Cronos validators paused the entire chain.
Matters because: A full-chain halt to contain a single-protocol exploit highlights centralization risk in some L1 designs and could hurt confidence in Cronos-based DeFi until a resolution is confirmed.