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Crypto

Cronos Network Halted by Tectonic Protocol Exploit

Guavy AI Editorial Team
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CRO
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The Cronos Network has halted its blockchain due to an exploit targeting the Tectonic decentralized lending protocol.

The network identified the incident and paused operations, promising updates as it investigates further.

Tectonic confirmed awareness of the incident and urged users not to interact with the protocol until it is safe to do so.

A price manipulation attack exploited Tectonic's governance token TONIC, causing its price to surge 100x in just 20 minutes.

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