$9.2M Lost in Cronos Tectonic Exploit Before Validators Acted

Cronos has published a post-mortem report on the Tectonic exploit that occurred on its network. The report confirms that $9.19 million in funds left the blockchain before validators intervened, significantly higher than earlier estimates.

The report also stated that manipulated collateral values generated about $120.4 million in borrowing activity, with around 7.6% of this amount transferred off-network. This is roughly $9.1 million, above the estimated $8.3 million previously traced to Ethereum by blockchain data provider Bitquery.

According to Cronos, restoring the network to its pre-exploit state reversed about $111.2 million in affected funds, leaving 7.6% of the total amount outside of the network.