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Cronos Confirms: On-Chain Rollback Recovers $111.2M, $9.2M Still Missing from Tectonic Exploit
Blockchain

Cronos Confirms: On-Chain Rollback Recovers $111.2M, $9.2M Still Missing from Tectonic Exploit

Cronos officially stated that in response to the Tectonic protocol exploit, the on-chain rollback mechanism recovered approximately $111.2 million in funds. However, an additional $9.2 million had already left the chain before the rollback took effect and remains unrecovered to this day.

Cronos network was shut down due to Tectonic hacker, causing estimated damage of US$75 million
Blockchain

Cronos network was shut down due to Tectonic hacker, causing estimated damage of US$75 million

Cronos, a public chain owned by Crypto.com, suspended operations after the lending protocol Tectonic was suspected of being exploited. The attack method was said to be the same as the Mango Markets incident, with losses estimated at US$75 million.