Cronos confirms $9.2M slipped away before Tectonic exploit rollback
Cronos said $9.19 million moved off its blockchain before validators halted the network during the Tectonic exploit, and that amount was not reversed by the rollback. Its post-mortem said manipulated collateral values generated about $120.4 million in borrowing activity, while restoring the chain to its pre-exploit state reversed about $111.2 million, leaving 7.6% of affected funds outside the network. The disclosure revised earlier estimates of roughly $75 million affected and confirmed a larger off-chain outflow than the $8.3 million previously traced to Ethereum. Tectonic detected the activity at 12:49 UTC on Aug. 30, validators stopped the network at 14:32:47 UTC, and block production resumed at 23:49:01 UTC after balances were restored.
