Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Cronos says $9.2 million remains unrecovered after Tectonic exploit, chain rollback

A subsequent rollback reversed roughly $111.2 million, but $9.19 million had already left the chain and remains unrecovered, Cronos says.

Cronos says $9.2 million remains unrecovered after Tectonic exploit, chain rollback

Cronos has disclosed that $9.19 million of funds were moved off its blockchain before intervention during the Tectonic exploit. According to the post-mortem report, the total affected borrowing amounted to $120.4 million, with 7.6% transferred off-network. Validators halted the network during the exploit, restoring operations after balances were recovered. The incident, initially estimated at around $75 million, now has an official accounting of the funds that could not be reversed.

Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at theblock.co →

More in Finance & Markets

European Shares Seen Flat To Higher At Open

(RTTNews) - European stocks may open flat to slightly higher on Tuesday as investors weigh Middle East tensions and look ahead to Thursday's ECB meeting, with a 25-basis-point interest-rate hike fully…

More from Tuesday 8 September →