Crypto
Cronos Network Reboots After $74 Million Tectonic Exploit
The Cronos Network resumed producing blocks on Sunday at 23:49 UTC after validators halted the chain to stop an active exploit on lending protocol Tectonic.
A $74 million exploit was detected on Tectonic, prompting the shutdown as a validator-consensus emergency action to protect users from further damage.
Cronos stated that funds are safe despite the significant loss, with the network resuming operations starting from block 90,896,189.