Cronos Reverts Blockchain History to Recover $111 Million in Stolen Funds

Cronos confirmed that a $120.4 million exploit targeting the lending platform Tectonic on August 30 was mitigated by a blockchain rollback. Validators decided to revert 10,961 blocks, covering 1 hour and 54 minutes of chain history, to recover approximately $111.2 million, or 92% of the affected funds. The attacker had manipulated the price of TONIC tokens to borrow assets across nine markets. While $9.19 million remains unrecovered, the network resumed production 11 hours after the incident.