Cronos halted block production on Aug. 30 after detecting an exploit involving Tectonic, a decentralized lending protocol operating on the blockchain.
Summary
- Cronos validators halted block production after Tectonic disclosed an exploit affecting its decentralized lending protocol.
- Researchers estimate roughly $75 million was affected, but Tectonic has not confirmed total losses publicly yet.
- Approximately $6 million reached Ethereum before the halt, according to researcher Weilin Li’s address analysis online.
- Crypto.com said its centralized app and exchange remained operational, with customer funds there unaffected throughout.
- Cronos and Tectonic have not announced a…
