Tectonic Suffers $74 Million Exploit, Cronos Network Paused

Tectonic on the Cronos Network was hit by an exploit on August 31, resulting in a total loss of approximately $74 million. Following the incident, the Cronos chain was suspended. The attacker managed to bridge about $6 million to Ethereum before the pause, while approximately $60 million remains stuck on Cronos, with another $8 million held in a Cronos address.