Cronos has paused its blockchain after a major exploit hit Tectonic, with early estimates pegging the losses at around $75 million. The network halt came directly in response to the Tectonic incident.

What Happened

Reports point to a Tectonic exploit with damages in the ballpark of $75 million. Right after the attack, Cronos halted its network. There’s no confirmed info yet about how the exploit went down, the attack vector, or the exact timeline.

Crypto.com’s Response

Crypto.com CEO Kris Marszalek said the Tectonic security breach hasn’t affected the company’s app or exchange, which are both running as usual. According to Marszalek, all services are operating smoothly with zero downtime.

There’s no further word on Cronos’ next steps or more details on the Tectonic exploit in this update.