Crypto.com's Cronos Halts Entire Blockchain After $75M Tectonic Exploit
Some $6 million reached Ethereum before validators froze the chain, stranding the rest on a network that still is not producing blocks.
Key Takeaways
- Some $6 million reached Ethereum before validators froze the chain, stranding the rest on a network that still is not producing blocks.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from Decrypt. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Security
More Markets lending reserve drained for $9.3M: Blockaid
Blockaid said an attacker used an Ankr liquid staking token and E-mode to overborrow from More Markets and drain about $9.3 million in WFLOW from a lending reserve.
Elon Musk Warns AI Hacking Will Go Superhuman by End of 2027
Elon Musk says AI hacking will surpass humans by end of 2027 as a critical Artifactory flaw fuels the debate. The post Elon Musk Warns AI Hacking Will Go Superhuman by End of 2027 appeared first on BeInCrypto.
Cronos halts blockchain after $75 million lending exploit hits lending app Tectonic
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.