Cronos has resumed block production after validators halted the network during an exploit targeting Tectonic and restored the chain state to a point before the attack. Cronos Network said the blockchain was fully back online after the validator set coordinated&#8230;

Cronos has resumed block production after validators halted the network due to an exploit targeting Tectonic. The blockchain was restored to a state prior to the attack and is now fully back online.

Cronos restarts network after emergency halt over Tectonic exploit

An attacker allegedly pushed Tectonic’s thinly traded TONIC token up 100-fold, used it as collateral to borrow real assets and left most funds stranded when Cronos validators paused the network.

Cronos has paused its blockchain following a $75 million exploit involving the lending app Tectonic, where an attacker inflated the value of Tectonic's TONIC token by 100-fold, used it as collateral to borrow real assets, and left most funds stranded when the network was halted by Cronos validators.

Cronos halts blockchain after $75 million lending exploit hits lending app Tectonic

<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/2026/08/01M1AX3ZN7EESDX1ZF7WKP963R/hi-transactions-stopped-1.jpg" alt="Cronos halts network after Tectonic exploit involving estimated $75M" class="type:primaryImage"></p><p>Crypto.com CEO Kris Marszalek said the company’s app and exchange were unaffected by the Tectonic breach and continued operating normally.
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Cronos has halted its network following a Tectonic exploit that is estimated to involve $75 million. Crypto.com CEO Kris Marszalek stated that the company's app and exchange were unaffected by the breach and continued to operate normally.

Cronos halts network after Tectonic exploit involving estimated $75M

Li says the attacker manipulated the price of Tectonic's illiquid TONIC token before borrowing against the inflated collateral, a Mango Markets-style hack.

The Cronos network, linked to Crypto.com, has halted operations following an exploit of Tectonic, resulting in an estimated loss of $75 million. The attacker reportedly manipulated the price of Tectonic's illiquid TONIC token before borrowing against the inflated collateral, similar to a previous incident involving Mango Markets.

Crypto.com-linked Cronos network halts after Tectonic exploit estimated at $75 million

أوقفت شبكة كرونوس العمليات بعد استغلال بقيمة 75 مليون دولار يتعلق بتطبيق الإقراض تيكتونيك. قام مهاجم بزيادة قيمة رمز تيكتونيك (TONIC) واستخدمه كضمان وترك الأموال عالقة عندما تم إيقاف الشبكة. على الرغم من أن الاستغلال أثر على تيكتونيك، صرحت Crypto.com أن تطبيقها وبورصتها ظلا غير متأثرين.

La red Cronos ha detenido sus operaciones tras un exploit de 75 millones de dólares que involucra la aplicación de préstamos Tectonic. Un atacante infló el valor del token TONIC de Tectonic, lo utilizó como colateral y dejó fondos varados cuando la red fue pausada. Aunque el exploit afectó a Tectonic, Crypto.com declaró que su aplicación y su intercambio permanecieron sin afectar.

Le réseau Cronos a suspendu ses opérations après un exploit de 75 millions de dollars impliquant l'application de prêt Tectonic. Un attaquant a gonflé la valeur du token TONIC de Tectonic, l'a utilisé comme garantie et a laissé des fonds bloqués lorsque le réseau a été mis en pause. Bien que l'exploit ait touché Tectonic, Crypto.com a déclaré que son application et son échange restaient non affectés.