Cronos Halt and $75M Tectonic Exploit Shake DeFi as Bitcoin ETFs Snap Inflow Streak

$75 million — that's the estimated haul from an attacker who exploited Tectonic lending on the Cronos blockchain, pumping its governance token 100-fold before validators were forced to halt the entire chain. Welcome to Monday.

Money Moves

• Cronos goes dark — After the Tectonic exploit, validators halted the Cronos chain Sunday. Crypto.com CEO Kris Marszalek confirmed the exchange and app were unaffected, but no restart timeline has been announced for the...