Cronos Network Halted After Tectonic Exploit; $6 Million Moved to Ethereum

The Cronos network has been suspended after a major exploit on the Tectonic lending protocol. While the total value impacted by the attack is estimated at $75 million, the perpetrator has only managed to bridge approximately $6 million to the Ethereum network so far. Tectonic remains one of the largest lending platforms associated with Crypto.com.