Cronos Restarts Network After Emergency Halt over Tectonic Exploit

Cronos restarts network after emergency halt over Tectonic exploit

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. Cronos Network said the blockchain was fully back online after the validator set coordinated…

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. The post Cronos validators erase transaction history to contain massive $75 million lending protocol exploit appeared first on CryptoSlate.

Cronos Network Restarts After $74M Tectonic Exploit

Cronos Network has resumed block production after validators halted the blockchain to contain an exploit targeting Tectonic, its largest lending protocol. The attack allegedly manipulated TONIC’s price before using the inflated tokens as collateral, with preliminary estimates placing the potential losses between $66 million and $75 million.

Crypto.com-promoted Tectonic forces Cronos to halt, rewind

The Crypto.com-supported Cronos blockchain had to halt and rewind its history this week to stop an ongoing theft due to the Tectonic protocol that Crypto.com had spent months promoting. Tectonic warned users to pause using its protocol altogether. PeckShield first estimated the value of compromised funds at approximately $74 million. Crypto.com supplied one of the largest retail onramps for Tectonic, this newly compromised protocol that nearly d…

Cronos reverses Tectonic exploit—but $6.29M had already left the network

Cronos reversed a reported $75 million Tectonic exploit, but an estimated $6.29 million had already been moved to Ethereum.