⚠️A hacker drained an estimated $75 MILLION from a Cronos lending protocol, forcing the entire blockchain to HALT mid-attack.

The attacker reportedly pumped Tectonic’s thinly traded TONIC token 100x in just 20 minutes, then used the inflated collateral to borrow millions in other assets.

Cronos froze the network before most of the funds could escape, leaving roughly $69M trapped on-chain while only about $6M was bridged to Ethereum.

Tectonic had roughly $122M in TVL and $83M in active loans before the exploit. The $75M estimate has not yet been independently confirmed by Tectonic or Cronos.

Crypto .com says its app and exchange were not compromised, while its security team is assisting with the investigation.

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🇬🇧 The UK's National Crime Agency has FROZEN $13.6 MILLION in the Premier League's own bank account over a crypto deal.

The money was the first payment from a $163 MILLION sponsorship with Sorare, a Messi-backed crypto fantasy card game once valued at $4.3 BILLION.

Sorare is now facing PROSECUTION for operating as an unlicensed gambling platform under UK law.

The company denies it is a gambling product and says it is not under investigation by the NCA. Trial is set for June 2027.

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AMC Entertainment CEO Adam Aron blasted Robinhood for tokenizing AMC and other US equities, claiming it illegal.

"I find this practice to be contemptible, outrageous, disgusting, detestable, inexcusable, vile," Aron said. "We immediately are going to have our outside securities counsel look into this."

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‼️ US Treasury’s FinCEN has identified $12.7 BILLION tied to suspected crypto scams largely run by Southeast Asian criminal organizations.

The agency analyzed 33,904 reports filed between September 2023 and December 2025.

FinCEN said the scams, including pig butchering, romance baiting and crypto confidence schemes, were largely perpetrated by criminal organizations based in Southeast Asia.

Myanmar and Cambodia have passed laws imposing severe penalties, including life imprisonment in certain cases.

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