Tagged: tectonic

On-Chain Researchers Share Insights after Crypto.com linked Cronos Network and Tectonic Security Incident

On August 30, Cronos stopped producing blocks after Tectonic, the network’s main lending market, was emptied through a price-and-borrow sequence rather than a novel contract bug. On-chain researcher Weilin Li first estimated about $66 million in damage, then raised the figure to roughly $75 million… Read More

Cronos Blockchain Halts After Tectonic Exploit Leaves Most Funds Stranded On-Chain

The Cronos blockchain, the layer-1 network closely associated with Crypto.com, stopped producing blocks on Sunday, August 30, 2026, after an exploit hit Tectonic, the chain’s dominant decentralized lending protocol. Validators coordinated a full halt within minutes of detecting the incident, freezing transfers, bridges, and smart… Read More

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