Liquid

Cronos

Tectonic

Ethereum

Bitcoin

Layer-1 blockchain Cronos said $9.19 million left its blockchain before validators halted the network during the Tectonic exploit, providing an official accounting of funds that were not reversed by its rollback.&nbsp;
In Tuesday’s post-mortem report, Cronos <a href="https://x.com/CronosNetwork/status/2097131718948094299" rel="noopener noreferrer nofollow">said</a> manipulated collateral values generated about $120.4 million in borrowing activity. Restoring the network to its pre-exploit state reversed about $111.2 million, leaving 7.6% of the affected funds outside of the network.&nbsp;
The disclosure confirms the scale of the incident after earlier estimates placed the amount affected at about $75 million. It also puts the amount transferred off Cronos at $9.19 million, above the $8.3 million previously traced to Ethereum by blockchain data provider Bitquery.
Cointelegraph previously reported that one transaction <a href="https://cointelegraph.com/news/cronos-network-halt-tectonic-exploit-75-million" rel="noopener noreferrer nofollow">emptied nine Tectonic lending markets</a> through 11 transfers involving stablecoins, Bitcoin, Ether and other assets.&nbsp;
Bitquery said the attacker deposited $5 million, then repeatedly borrowed and redeposited TONIC through a 98-cycle loop while purchasing the thinly traded token. The activity drove TONIC’s price nearly 300-fold higher as Tectonic’s price feed followed.&nbsp;
Cronos said Tectonic detected the activity at 12:49 UTC on Aug. 30, and validators halted the network at 14:32:47 UTC. Block production resumed at 23:49:01 UTC after balances were restored.
Related: <a href="https://ct.com/news/liquid-white-hats-return-270m-bitcoin-network-restart" rel="noopener noreferrer nofollow">Liquid ‘white hats’ return $270M in Bitcoin as network prepares restart</a>

Cronos confirms $9.2M slipped away before Tectonic exploit rollback

Cointelegraph

Other articles published on Sep 8, 2026

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