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Fraudsters steal $6 million from Tectonic crypto platform after inflating token price
Attackers inflated Tectonic's Tonic token price 100x in 20 minutes and borrowed $74 million against it, stealing $6 million before Cronos halted activity.
Attackers manipulated the price of Tectonic's thinly traded Tonic token, raising it more than 100-fold in 20 minutes, then used the inflated tokens as collateral to borrow assets in an attempted $74 million theft. About $6 million left the platform; Cronos halted blockchain activity and later restored roughly $69 million in frozen funds via an on-chain rollback. Tectonic plans a phased reopening and a postmortem. TRM Labs says market manipulation now accounts for one in eight crypto hacks, with 32 incidents in 2026, and compares the case to the 2022 Mango Markets manipulation that led to a criminal conviction.
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AI helps scammers build convincing antivirus renewal pages
Malwarebytes found scammers using AI to build polished fake antivirus renewal pages impersonating Avast, harvesting names, emails and phone numbers for follow-up fraud calls.
Malwarebytes analyzed a fake Avast renewal site targeting Belgian users in French, claiming a €129.99 Avast Premium Security renewal and collecting name, email address and Belgian mobile number through a cancellation form. Leftover code comments written in polite French and other stylistic clues suggest the page was generated with AI assistance, and the form was never connected to send data anywhere. The scam typically progresses to phone calls pressuring victims to install remote access software, and AI substantially lowers the barrier for producing polished, localized scam pages at scale.
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