Cronos Halted After Tectonic Exploit Affects $75M in Assets

Cronos' blockchain has been halted after an exploit hit its largest lending protocol, Tectonic. The attack is reportedly similar to the one that occurred on Mango DeFi last year.

The affected assets are estimated to be around $75 million, with no clear timeline for when the network will resume operations.

Cronos has not provided any information on what will happen to the assets linked to the attacker once the chain is restarted.