The Cronos blockchain executed a two-hour rollback of its transaction history on March 14, 2024, to reverse a significant decentralized finance (DeFi) exploit that resulted in the loss of approximately $111 million.
Reports mentioning Cronos
Cronos validators executed a controversial blockchain rollback, reversing nearly two hours of transaction history to recover user assets valued at approximately $111 million. This drastic measure was implemented following a sophisticated exploit that targeted the Cronos network, allowing attackers…
Cronos has confirmed that $9.2 million in cryptocurrency was irrevocably lost during the recent Tectonic exploit, despite efforts to roll back the transaction. The total value affected by the exploit reached $120.4 million in borrowed assets.
The Cronos blockchain, a network developed by Crypto.com, has halted block production following a significant exploit targeting the Tectonic decentralized finance (DeFi) protocol. The incident, which occurred on March 14, 2024, resulted in the loss of approximately $75 million worth…
The Cronos blockchain experienced a significant disruption when its validators paused the network following a $75 million exploit targeting the Tectonic lending application. The incident involved an attacker allegedly manipulating the price of Tectonic's native token, TONIC, causing it…