Cronos Says $9.19M Remains Unrecovered After $120M Tectonic Exploit
23 Articles
23 Articles
Cronos Rolls Back Chain After $120.4M Tectonic Exploit, $9.19M Remains Unrecovered
Cronos reversed nearly two hours of blockchain history following the Aug. 30 Tectonic exploit, restoring balances tied to about $111.2 million of the incident’s $120.4 million exposure.Visit Website
Cronos executes controversial blockchain rollback to recover crypto worth $111 million
Cronos says $9.19M remains unrecovered after $120M Tectonic exploit
Cronos has confirmed that $9.19 million remains unrecovered after an attacker borrowed $120.4 million from Tectonic, while a validator-backed rollback reversed roughly $111.2 million in affected value. According to a post-mortem published by Cronos on Monday, the attacker manipulated the…
Key points of the news: Cronos confirmed that $9.19 million came out of the network before the validators stopped the blocks, while the exploit generated about $120.4 million affected. The rollback reversed approximately $111.2 million after restoring the balances, but could not recover the assets transferred outside Cronos. The exploit used an exploit that was used to ... Read more
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