Cronos Network Frozen After Tectonic Money Market Protocol Exploit
The Cronos network remains frozen after an attacker exploited the Tectonic money market protocol on August 31, 2026.
The attack saw over $70 million drained from Tectonic, with the attacker using $600,000 to inflate the price of TONIC's token by 40 times.
Cronos validators halted block production, trapping $60 million onchain, and Crypto.com is assisting in the investigation.