# Cronos Network Halts: Only $6 Million of Estimated $75 Million in Assets Transferred

> The Cronos network was halted following an exploit on Tectonic, with an estimated $75 million in assets affected; the attacker was only able to move approximately $6 million to Ethereum.…

**The Cronos network was halted following an exploit on Tectonic, with an estimated $75 million in assets affected; the attacker was only able to move approximately $6 million to Ethereum.**

The Cronos network halted transactions following the detection of an exploit on Tectonic, the largest lending protocol associated with Crypto.com. **On-chain researcher Weilin Li** estimated the impact to be approximately **$75 million**, though this figure has not yet been confirmed by Tectonic or Cronos.

According to reports from The Block, Tectonic held approximately **$121.7 million in total value locked (TVL)** and **$82.7 million in active loans** prior to the incident. Cronos halted the network after detecting the attack. Tectonic, in turn, requested its users not to interact with the protocol.

### TONIC Price Inflated for Collateral

According to Li’s on-chain analysis, the attacker inflated the price of the **TONIC token, which has low trading volume, by 100x in approximately 20 minutes**. The attacker then used the artificially inflated price as collateral to borrow other assets from Tectonic.

The mechanism used by the attacker involves pumping the price of a low-liquidity asset in a short period and using this value as collateral for borrowing. Li noted that there were approximately 364.6 trillion TONIC tokens in the attack position, and these tokens were pumped to a level that would support the estimated debt amount.

The researcher initially calculated that approximately $66 million in assets had been seized. Later, another **$8 million** was found at another address linked to the attacker, raising the total estimate to $75 million. However, the attacker was only able to **move approximately $6 million to Ethereum** before Cronos was halted. Thus, the majority of the affected assets remained on Cronos.

Crypto.com CEO Kris Marszalek announced that the company’s app and exchange were not affected by the attack and that the security team is assisting with the investigation. No timeline has yet been shared regarding when Cronos will be operational again.