Cronos Network Back Online After $74 Million Tectonic Exploit; Company Says ‘Funds Safe’

The post Cronos Network Back Online After $74 Million Tectonic Exploit; Company Says ‘Funds Safe’ appeared first on Coinpedia Fintech News

The Cronos Network resumed producing blocks Sunday at 23:49 UTC, starting from block 90,896,189, after validators halted the chain earlier in the day to stop an active exploit on lending protocol Tectonic from causing further damage. What Happened Cronos said the shutdown was a validator-consensus emergency action taken to protect users once the Tectonic exploit …