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…

from crypto.news https://ift.tt/4QgOcl0