Cronos Network Recovers 90% of Funds Following Tectonic Protocol Exploit

Following a $120.4 million collateral price manipulation attack on the Tectonic protocol on August 30, Cronos Network validators paused the chain and rolled back the state to recover funds. Approximately $111 million was successfully recovered, with only $9.19 million remaining unrecovered. Users do not need to take action, and the network is currently facilitating cross-platform settlements.