Cronos halts network after $111 million stolen in controversial blockchain rollback

Cronos $CRO executed a contentious blockchain rollback spanning nearly two hours to recover $111 million in user assets following a security breach on the Tectonic protocol. Validators intervened to halt the network, though attackers managed to extract $9.19 million before the rollback was initiated.

The incident highlights ongoing security vulnerabilities in DeFi protocols and raises governance concerns around unilateral blockchain reversions. #crypto #blockchain #securite