Tectonic: $75M Cronos Exploit Drains Funds

Tectonic suffered a $75M exploit on the Cronos Network, with the attacker already moving $6.29M to Ethereum and converting it into 2,592 ETH while $68.7M remains on the paused chain.

Price action on the 4h chart shows ETH at $2421.45 hugging the EMA50 resistance at $2421.89 inside a bearish structure above the EMA200 at $2165.15, MACD death cross at -2.93, and neutral RSI 41.83; with the attacker now holding fresh ETH, any test of upper Bollinger resistance at $2516.9 looks likely to meet selling that drives a retracement toward lower band support at $2403.91 before continuation. ETH price prediction models now incorporate this liquidity shock alongside broader crypto market crash fears and ongoing blockchain security breach concerns.