- Cronos confirmed $9.19 million left its blockchain before a network rollback reversed a crypto exploit.
- The manipulated collateral on the Tectonic protocol generated $120.4 million in borrowing activity.
- Validators restored the network to its pre-exploit state, reversing approximately $111.2 million of the affected funds.
Layer-1 blockchain Cronos disclosed Tuesday that $9.19 million permanently exited its network before validators halted the chain and executed a rollback during the Tectonic exploit. The official post-mortem report said manipulated collateral values generated roughly $120.4 million in total borrowing activity.
Restoring the network to its pre-exploit state reversed about $111.2 million, leaving 7.6% of the affected funds stranded off-chain. Consequently, the disclosure confirms the incident’s scale after earlier estimates pegged the affected amount at approximately $75 million.
Meanwhile, the $9.19 million transferred off Cronos exceeds the $8.3 million previously traced to Ethereum by blockchain data provider Bitquery. The report provides a definitive accounting of the funds that were not recovered by the network’s rollback procedure.
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