Cronos Network Halts After Tectonic Exploit, What Happens to User Funds?
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Cronos halted the network after identifying an exploit on lending protocol Tectonic.
Roughly $69 million remains trapped onchain, with $6 million bridged out.
Crypto.com says its app and exchange were not affected by the exploit at all.
Cronos Network, a blockchain associated with Crypto.com, halted its entire chain on August 30 after identifying an exploit targeting Tectonic, a lending protocol built on the network. The halt froze all activity, prompting immediate questions from users
Roughly $69 million remains trapped onchain, with $6 million bridged out.
Crypto.com says its app and exchange were not affected by the exploit at all.
Cronos Network, a blockchain associated with Crypto.com, halted its entire chain on August 30 after identifying an exploit targeting Tectonic, a lending protocol built on the network. The halt froze all activity, prompting immediate questions from users
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