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.

  • Cronos validators rolled back nearly two hours of blockchain history after a $120.4 million exploit of Tectonic, recovering $111.2 million, or about 92% of the affected funds.
  • The attacker inflated Tectonic’s TONIC token roughly 100-fold before borrowing across nine markets, while $9.19 million left the network before it was halted and remains unrecovered.
  • The rollback reversed 10,961 blocks and all transactions within them, highlighting that Cronos transaction finality can be overridden by validator consensus during an emergency.
  1. 1 Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions 5 hours ago
  2. 2 Crypto job postings triple to over 1,200 in September, but applications fall 5 hours ago
  3. 3 Cathie Wood says smart investors need to start watching where AI agents spend money 6 hours ago
  4. 4 Crypto's Sisyphean struggle 8 hours ago
  5. 5 BlackRock offers a glimpse of how tokenization may change your investment portfolio 8 hours ago
  6. 6 Bank group sues U.S. regulator over granting crypto trust charters 23 hours ago
  7. 7 BNY in talks with Kraken parent Payward over infrastructure partnership 1 day ago
  8. 8 Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98% 1 day ago
  9. 9 Trump’s potential AI czar, Jay Clayton, helped pioneer the SEC’s crypto crackdown 1 day ago
  10. 10 America at a crossroads: Commissioner Peirce’s parting challenge 1 day ago

The Definitive Stablecoin Landscape Series: Asia Pacific

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Why it matters :

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions

Crypto job postings triple to over 1,200 in September, but applications fall

BlackRock offers a glimpse of how tokenization may change your investment portfolio

Original sourceCoinDesk

The original source remains the canonical version for attribution, rights, and later updates.

Read original ↗

Disclaimer: This article is for information only and does not constitute investment advice. Digital assets involve substantial risk.

← Back to latest