News linked to both this project and an event.
According to PeckShieldAlert, the cryptocurrency industry saw 50 major attack incidents in August 2026, an increase of 67% over the 30 incidents in July. Total losses reached approximately $136.3 million, a 49.5% decrease from the $270 million in July. The Tectonic.cro incident caused approximately $74 million in losses, ranking as the fourth-largest crypto theft of the year, behind only attacks associated with Drift, KelpDAO/LayerZero, and COLDCARDwallet. The attacker managed to cross-chain only around $6 million to Ethereum before Cronos suspended its entire network, leaving the rest of the funds mostly stranded on Cronos. The attacker has since started laundering the illicit proceeds and bridging a portion to Bitcoin, amounting to roughly $200,000 to date. Other significant attack incidents in August involved Moonwell, Termlabs, Coinsbuy, TAC, Injective, MANTRA, BounceBit, Cosmos Labs, and aquifer.
MANTRA has released a complete review of the August 20 security incident. The incident stemmed from an unsigned integer underflow vulnerability in the balance accounting layer of the upstream dependency, cosmos/evm. Without requiring privileged access, the attacker transferred a combined total of 720,923,967.99 MANTRA tokens from a burn address and a legacy genesis multisig address, amounting to approximately $3.6 million at pre-incident prices.
RWA Layer 1 blockchain MANTRA Chain announced that the vulnerability in the Cosmos-EVM module has been patched, the network has resumed operations and block production, and the incident did not affect user funds. The team will release a complete post-incident analysis report in the coming days.