Cronos Lending Protocol Tectonic Hit by Hack, Losing About $74 Million

Foresight News posted on X (formerly Twitter). PeckShield said Cronos lending protocol Tectonic was hacked, resulting in losses of about $74 million. Cronos later paused block production across the chain. Before the chain was halted, the attacker bridged out about $6 million to Ethereum, while the remaining roughly $60 million and another about $8 million stayed in Cronos-related addresses.