🚨 NEW: TectonicFi lost ~$74M in an exploit on Cronos, with the attacker managing to bridge only ~$6M to Ethereum before the chain was paused, leaving ~$60M stuck, per PeckShield.
🚨CRONOS HALTS THE WHOLE CHAIN AFTER TECTONIC HACK!
@CronosNetwork said Tectonic was exploited and that the Cronos network itself has been halted.
@TectonicFi told users not to touch the protocol until it is safe.
Onchain estimates put losses around $75 million.
Only about $6 million was seen leaving for Ethereum.
https://t.co/odqBb28ASV CEO @kris said https://t.co/odqBb28ASV’s app and exchange were not hit.
@Ralleroedvin Translation: they used you guys as exit liquidity because they knew crofoam (sorry I meant crofam) has some serious loyalty to https://t.co/BhOaa1yQtg and the chain