Cronos halts network after Tectonic exploit involving estimated $75M

The Cronos blockchain was temporarily halted following a major security exploit involving the decentralized finance lending protocol Tectonic. Attackers managed to drain an estimated $75 million in digital assets from the platform, triggering immediate protective measures across the network. Developers and validators quickly suspended block production to contain the breach and assess the full extent of the vulnerability. The incident highlights ongoing security challenges within the decentralized finance sector, particularly regarding complex cross-protocol integrations and smart contract risks. Further updates on network recovery and user fund safety are expected as the investigation unfolds.