Cronos | Crypto

Validators rolled back nearly two hours of blockchain history to recover user assets. But the attackers still managed to get away with $9.19 million before Cronos halted the network.

Cronos’s post-mortem put the Tectonic exploit’s affected borrowing at $120.4 million, with 7.6% transferred off-network before validators intervened. Layer-1 blockchain Cronos said $9.19 million left its blockchain before validators halted the network during the Tectonic exploit, providing an official accounting of funds that were not reversed by its rollback.  In Tuesday’s post-mortem report, Cronos said manipulated collateral values generated about $120.4 million in borrowing activity. Restoring the network to its pre-exploit state reversed about $111.2 million, leaving 7.6% of the affected funds outside of the network.  The disclosure confirms the scale of the incident after earlier estimates placed the amount affected at about $75 million. It also puts the amount transferred off Cronos at $9.19 million, above the $8.3 million previously traced to Ethereum by blockchain data provider Bitquery. Read more

The network-wide pause appears to have kept most affected assets on-chain, but users still lack a restart timetable or official accounting. The post Cronos validators erase transaction history to contain massive $75 million lending protocol exploit appeared first on CryptoSlate.

An attacker allegedly pushed Tectonic’s thinly traded TONIC token up 100-fold, used it as collateral to borrow real assets and left most funds stranded when Cronos validators paused the network.

Crypto.com CEO Kris Marszalek said the company’s app and exchange were unaffected by the Tectonic breach and continued operating normally. Cronos halted its blockchain after an exploit targeting decentralized lending protocol Tectonic involved an estimated $75 million, most of which remains on the Cronos network at the time of writing.  On Sunday, Cronos said it identified an exploit in Tectonic and halted the network, promising updates. Tectonic separately warned users not to interact with the protocol while it investigated. Neither project has confirmed the cause or loss, and no restart timeline had been announced at publication. Researcher Weilin Li said the attacker exploited TONIC’s 20% collateral factor and thin liquidity, pumping the governance token’s price 100-fold within 20 minutes before borrowing other assets. Li described it as a “Mango-market style” pump-and-borrow attack.  Read more

US spot Bitcoin ETFs recorded four straight weeks of net outflows, with about $360 million withdrawn in the latest week. US President Donald Trump’s media conglomerate, Trump Media & Technology Group, has filed paperwork with the United States Securities and Exchange Commission (SEC) for two new exchange-traded funds (ETFs) linked to major cryptocurrencies. According to a Friday announcement by its Truth Social Funds arm, the company plans to launch the Truth Social Bitcoin (BTC) and Ether (ETH) ETF alongside the Truth Social Cronos (CRO) Yield Maximizer ETF. The filing has not yet taken effect and remains subject to SEC review. “We plan to provide an investment platform for investors covering multiple aspects of digital and crypto investing with both capital appreciation and income opportunities,” Steve Neamtz, president of Yorkville America Equities, which will act as investment adviser for both funds, said. Read more

Polygon (POL) joined Cronos (CRO) as a top performer, rising 8% from Friday.

Crypto.com is adding Morpho lending to Cronos, allowing users to earn stablecoin yields on wrapped BTC and ETH, mirroring Coinbase’s push into DeFi lending. Crypto.com users will soon be able to lend wrapped crypto assets and earn yield on stablecoins through Morpho, a decentralized finance (DeFi) lending protocol. According to a Thursday statement, Morpho will launch stablecoin lending markets on the Cronos blockchain, with the first vaults expected this year. The integration will allow users to deposit wrapped Ether (ETH) or Bitcoin (BTC) into Morpho vaults and borrow stablecoins against them to earn yield. Wrapped assets are tokens that represent another cryptocurrency on a different blockchain. On Cronos, wrapped tokens such as CDCETH and CDCBTC mirror ETH and BTC, allowing users to bring value into the network and access DeFi lending markets without leaving the chain. Read more

Since the peak of the Trump news-driven rally, Cronos has lost more than $6 billion, or nearly 50% of its market cap. Cronos, the native cryptocurrency of Crypto.com’s Cronos Chain, has faced significant selling pressure since the launch of the Trump Media Group CRO Strategy last month. On Aug. 26, Trump Media and Technology Group (TMTG), the operator of Truth Social and majority-owned by the Donald J. Trump Revocable Trust, announced a joint $6.4 billion Cronos (CRO) treasury. The announcement sparked an immediate 40% rally in CRO’s price. However, since then, the token has steadily declined, almost erasing those gains as CRO tumbled below $0.19 on Thursday, approaching pre-announcement levels, according to CoinGecko data. Read more

Gemini predicts continued upside for XRP, Cronos and Solana into 2025, tying momentum to real-world utility and ecosystem growth. Ethereum has reached a record high, Bitcoin has traded below its peak, and analysts have described conditions as supportive despite recent cooling across altcoins. The post Google’s Gemini AI Predicts the Price of XRP, Solana, and Cronos by the End of 2025 appeared first on Cryptonews.

Altcoin season has reflected selective rotation rather than broad gains. Cronos has advanced on corporate structures and network upgrades, while Pyth maintains reach in oracle infrastructure and Ethena adapts its synthetic stablecoin to regulation, shaping demand across ecosystems. The post Cronos, Pyth, and Ethena Drive Altcoin Season Madness – Trump Media Bet Sends CRO Exploding appeared first on Cryptonews.

Altcoin Season has remained fragmented, as capital has rotated toward liquid tokens with clear utility and news. Cronos has surged on treasury alignment and on-chain growth; Jito has benefited from governance changes; Hyperliquid has held strength on perpetuals activity and buybacks. The post These 3 Altcoins Are Exploding This Altcoin Season – Cronos, Jito, Hyperliquid Could Be The Next Millionaire Makers appeared first on Cryptonews.

Crypto.com-backed CRO jumped 40% on the announcement of the Trump Media Group CRO Strategy, reaching levels not seen since May 2022. Cronos, the native cryptocurrency of the Crypto.com-backed Cronos Chain, surged to multi-year highs following news of the Trump Media Group CRO Strategy launch. On Tuesday, Trump Media and Technology Group announced launching a joint $6.4 billion Cronos treasury with Crypto.com and Yorkville Acquisition. Cronos (CRO) surged 25% to $0.20 within hours after the announcement, before climbing past $0.23 on Wednesday, its highest level since May 2022, according to CoinGecko data. Read more