Tectonic’s $75M exploit was not an oracle failure, RedStone co-founder says

RedStone has said Tectonic’s estimated $75 million exploit resulted from weak collateral controls rather than an inaccurate oracle after TONIC’s reported price rose about 100-fold in 20 minutes. RedStone co-founder Marcin Kazmierczak told crypto.news that the oracle accurately reported TONIC’s…

Source: https://crypto.news/tectonics-75m-dollars-exploit-not-an-oracle-failure/