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Home›Crypto›Market Structure›Cronos halts its blockchain after a $75M Tectonic expl…

Cronos halts its blockchain after a $75M Tectonic exploit

Decrypt reports that about $6 million had reached Ethereum before validators froze Cronos, leaving the rest stranded on a network that is not producing blocks.

Reported · Written up by our desk · Market Structure

Crypto.coms Cronos halted the entire blockchain after a Tectonic exploit totaling $75 million, according to Decrypt.

The outlet said some $6 million reached Ethereum before Cronos validators froze the network, which left the remaining funds stranded on Cronos.

Decrypt added that the Cronos network is still not producing blocks following the halt.

Latest closeEthereum $2,440.83 ▼0.1%

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Sources

DecryptCrypto.com's Cronos Halts Entire Blockchain After $75M Tectonic Exploit

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