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breaches incidents
Fraudsters steal $6 million from Tectonic crypto platform after inflating token price
Attackers stole at least $6 million from the Tectonic crypto platform by artificially inflating the price of its Tonic token. The exploit occurred over a weekend and involved price manipulation of the platform's native asset.
Why it matters: Crypto platform operators and users face exposure to price manipulation attacks that drain funds; teams should audit token pricing mechanisms and implement safeguards against flash loan attacks and oracle manipulation.
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