The Cronos blockchain was shut down on Sunday after an attacker exploited decentralized lending protocol Tectonic in an attack estimated at roughly $75 million, with most of the stolen funds
The Cronos blockchain was shut down on Sunday after an attacker exploited decentralized lending protocol Tectonic in an attack estimated at roughly $75 million, with most of the stolen funds remaining on the Cronos network at the time of writing.
Cronos announced it had identified an exploit targeting Tectonic and halted the network, promising further updates. Tectonic separately warned users to stop interacting with the protocol while it investigated the breach. Neither project had confirmed the root cause, the precise loss amount, or a timeline for restarting the network as of publication.
