Source: CoinTelegraph ↗

Cronos halts network after Tectonic exploit involving estimated $75M

CRO News

What the source reports

Crypto.com CEO Kris Marszalek said the company’s app and exchange were unaffected by the Tectonic breach and continued operating normally.

Read the original report on CoinTelegraph ↗

Live market context

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CRO Cronos

$0.0566

-1.60% · 24h

4 supported listings

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Cronos halts blockchain after $75 million lending exploit hits lending app Tectonic

An attacker allegedly pushed Tectonic’s thinly traded TONIC token up 100-fold, used it as collateral to borrow real assets and left most funds stranded when Cronos validators paused the network.

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