POPA ReconCronos Rewinds Its Chain to Undo $120M Tectonic Hack
Cronos Rewinds Its Chain to Undo $120M Tectonic Hack Cronos rolled back its blockchain to reverse a $120M exploit of lending protocol Tectonic, restoring most affected balances but confirming in a post-mortem that $9.19 million had already left the network and cannot be recovered. On August 30, an attacker manipulated the price of TONIC, Tectonic's governance token, and used the inflated asset as collateral to borrow $120.4 million across nine lending markets. Validators halted the chain, then rolled it back to block 90,896,188, the last block before the attack, discarding 10,961 blocks, abo…
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