Cronos Lending Protocol Hit by Security Breach: Marszalek Confirms Incident

Crypto.com's CEO Kris Marszalek has confirmed a security breach on the Cronos blockchain's lending protocol Tectonic.

Marszalek stated that the Cronos team is actively investigating the incident with support from the protocol's security team, and emphasized that all user funds are currently safe.

The associated app and exchange have not been affected by the breach and remain fully operational, according to Marszalek.