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Weilin (William) Li (@hklst4r) on X
x.com

Weilin (William) Li (@hklst4r) on X

It seems @TectonicFi has been exploited for around $66M! The root cause is simple: TONIC, it's own governance token has a 20% collateral factor, with very thin liquidity. The attacker performed a Mango-market style pump-and-borrow price manipulation attack. TONIC's price surged

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https://x.com/hklst4r/status/2094079327176466563

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