Crypto.com’s Cronos blockchain halted operations following a $75 million exploit of the Tectonic lending protocol, according to Decrypt.
Tectonic operates as a lending protocol on the Cronos network. The exploit triggered a complete shutdown of blockchain operations.
Cronos is operated by Crypto.com. The halt represents a significant security incident for the blockchain network.
The $75 million figure marks the size of the funds extracted from Tectonic during the exploit. No statement from Crypto.com or Tectonic was available regarding the incident’s specifics, recovery efforts, or timeline for resuming operations.
