The Cronos (CRO) blockchain halted on Sunday following an exploit affecting Tectonic, its largest lending protocol, with an onchain researcher estimating roughly $75 million in assets were affected.
"We identified an exploit in Tectonic," Cronos Network said in a post on X.
"The Cronos Network has been halted and we'll provide updates here." Tectonic separately said it was investigating an incident affecting the protocol and told users not to interact with it until further notice.
"We are aware of an incident affecting Tectonic and our team is actively investigating," the project said.
"As a precaution, please do not interact with the protocol until we confirm it is safe to do so." Tectonic pre-incident had approximately $121.7 million in total value locked and about $82.7 million in active loans, per DefiLlama data.
