Cronos executes controversial blockchain rollback to recover crypto worth $111 million
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.
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Cronos confirms $9.2M lost in $120.4M Tectonic protocol exploit
Cronos validators intervened to halt a massive exploit on lending platform Tectonic, but attackers successfully bridged $9.2 million off-network before the rollback occurred. A post-mortem report revealed the incident impacted $120.4 million in total borrowing across the protocol. Although network node operators mitigated the majority of damages through emergency intervention, approximately 7.6% of the affected funds escaped. The event underscores lingering security vulnerabilities across decentralized cross-chain ecosystems today.