Source: Decrypt ↗
Crypto.com's Cronos Halts Entire Blockchain After $75M Tectonic Exploit
What the source reports
Some $6 million reached Ethereum before validators froze the chain, stranding the rest on a network that still is not producing blocks.
Read the original report on Decrypt ↗Live market context
ETH Ethereum
$2,443.68
-0.36% · 24h
9 supported listings
CRO Cronos
$0.0563
-1.64% · 24h
4 supported listings
Market figures are live reference data, not evidence that this report caused a price movement. Not financial advice.
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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.
Cronos halts network after Tectonic exploit involving estimated $75M
Crypto.com CEO Kris Marszalek said the company’s app and exchange were unaffected by the Tectonic breach and continued operating normally.