Cronos Wipes $111M Hack from Ledger in Desperate Attempt to Mitigate Damage

Cronos has taken a drastic measure to reverse an $111 million DeFi exploit on its chain. The blockchain erased two hours of transactions, effectively reversing the large-scale hack.

The move was aimed at mitigating the damage from the exploit, which had significant implications for Cronos and its investors. Price action shows CRO holding steady around $0.06, with key indicators pointing to a healthy retracement before further growth.