Cronos Reverses $111.2 Million Tied to Tectonic Exploit

Cronos erased nearly two hours of transaction history to reverse approximately $111.2 million tied to an exploit of lending protocol Tectonic. According to NS3.AI, approximately $9.19 million left the network before validators halted it and remains unrecovered. The attacker borrowed approximately $120.4 million across nine markets against inflated TONIC collateral.