Cronos Chain Rolled Back Amid $120M Tectonic Exploit

The Cronos blockchain has rolled back its chain in response to a significant exploit that resulted in the loss of $120.4 million in Tectonic tokens.

The incident occurred when hackers took advantage of a vulnerability in the Cronos chain, allowing them to drain funds from compromised wallets. According to the report, $9.19 million remains unrecovered.

Cronos has taken steps to rectify the situation by rolling back its chain, which is expected to restore affected users' funds. This move aims to prevent further losses and protect the integrity of the network.