Cronos validators erase transaction history to contain massive $75 million lending protocol exploit
The network-wide pause appears to have kept most affected assets on-chain, but users still lack a restart timetable or official accounting.
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The network-wide pause appears to have kept most affected assets on-chain, but users still lack a restart timetable or official accounting.
Cronos has resumed block production after validators halted the network during an exploit targeting Tectonic and restored the chain state to a point before the attack.
Crypto.com promoted Tectonic until it almost drained tens of millions of dollars from its Cronos blockchain. The post Crypto.com-promoted Tectonic forces Cronos to halt,…
Cronos restored its blockchain to before the Tectonic exploit, although 2,592 ETH reportedly remained outside the network.
Some $6 million reached Ethereum before validators froze the chain, stranding the rest on a network that still is not producing blocks.
The Cronos network remains frozen following a massive price manipulation exploit targeting the Tectonic money market protocol.
On August 30, Cronos stopped producing blocks after Tectonic, the network's main lending market, was emptied through a price-and-borrow sequence rather than a novel…
The Cronos blockchain, the layer-1 network closely associated with Crypto.com, stopped producing blocks on Sunday, August 30, 2026, after an exploit hit Tectonic, the…
Tectonic exploit drained $75M via TONIC manipulation, exposing liquidity risks despite Cronos halting transfers.
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…
The exploit highlights vulnerabilities in DeFi protocols, emphasizing the need for stronger safeguards against price manipulation to protect assets. Tectonic exploit…
Crypto.com CEO Kris Marszalek said the company’s app and exchange were unaffected by the Tectonic breach and continued operating normally.
Cronos halted its blockchain after a Tectonic exploit affected an estimated $75 million, with most identified assets remaining on the network.
Crypto.com CEO Kris Marszalek said the company's app and exchange were unaffected by the Tectonic breach and continued operating normally.
Li says the attacker manipulated the price of Tectonic's illiquid TONIC token before borrowing against the inflated collateral, a Mango Markets-style hack.
The Cronos network halt highlights vulnerabilities in DeFi protocols, emphasizing the need for robust security measures to prevent future exploits. Cronos network halts…
Cronos stopped its entire blockchain on Sunday after an attacker drained Tectonic, the biggest lending protocol on the network. Crypto.com said its own app and exchange…
TMTG's crypto losses highlight the volatility and risks of digital asset strategies, prompting a strategic pivot towards fusion energy ventures. Trump Media reports…
The CRO crypto reaction has been brutally bearish. The price action and technical indicators highlighted overwhelming seller strength.