Cronos Rolled Back Its Chain to Save $111M, But $9.2M Still Escaped
Cronos reversed $111.2 million following a Tectonic protocol exploit, but $9.19 million slipped off-chain before the reset kicked in.
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Key takeaways
- A chain rollback by Cronos successfully reversed roughly $111.2 million following an exploit on Tectonic.
- Despite the intervention, $9.19 million had already left the chain.
- Cronos stated that the $9.19 million currently remains unrecovered.
Cronos hit the panic button and rolled back its entire network, but $9.19 million from the Tectonic protocol exploit remains completely unrecovered.
Sure, the drastic state reset managed to wipe away roughly $111.2 million in attack-linked transactions. But $9.19 million had already escaped off-chain before the team could freeze the chain.
Why it matters
Chain rollbacks are the ultimate hail-mary move to neutralize massive hacks, but they aren't bulletproof. Once stolen cash hops onto external networks, you can rewind your own ledger all day—it won't bring the money back.
Source: The Block
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