Cronos blockchain suspended its network on Sunday following an exploit targeting Tectonic, its largest lending protocol. Approximately $75 million in assets were affected, with $6.29 million successfully bridged to Ethereum before the network halt. The remaining $68.7 million remains stuck on the Cronos Network. Kris Marszalek, CEO of Crypto.com, confirmed the security breach while stating that the Crypto.com app and exchange were not impacted. The attack, resembling the Mango Markets exploit, involved price manipulation of the TONIC governance token, which surged 100-fold within 20 minutes. Tectonic’s locked assets dropped from roughly $121 million on August 29 to approximately $3 million two days later.
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