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Cronos blockchain rolled back 10,961 blocks after a $120M lending attack, reversing transactions from Aug 30, 2026.

Market News
09 Sep 2026
CryptoTicker
View Source
Bearish
Cronos blockchain rolled back 10,961 blocks after a $120M lending attack, reversing transactions from Aug 30, 2026.

On August 30, 2026, the Cronos blockchain experienced a major rollback of 10,961 blocks, erasing nearly two hours of transaction history due to a $120.4 million exploit on the Tectonic lending protocol. The attacker artificially inflated the TONIC token price to borrow funds against overvalued collateral. The network halted at 14:32 UTC and resumed after an 11-hour pause, reversing all transactions between 12:38 and 14:33 UTC, including those unrelated to the attack. While most users' balances reverted to their pre-attack state, some suffered losses if they acted on payments that were later erased or bridged funds to other chains. Users are advised to verify their transactions via the Cronos block explorer and keep detailed records, as reversed transactions no longer appear publicly. This incident highlights the trade-off between blockchain finality and fund security, and underscores the importance of diversified holdings and careful bookkeeping.

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GMAB's investigational drug Rina-S demonstrated a 45.9% confirmed response rate in a Phase 1/2 trial for platinum-resistant ovarian cancer, with a median response duration of 12.1 months and median progression-free survival of 9.5 months. Despite ser...

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Virtuals Protocol's VIRTUAL token jumps 10.57% in 24 hours without clear catalyst

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Lucid cuts production to match demand, delivers more vehicles by reducing inventory in Q3 2026

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In Q3 2026, Lucid produced 2,954 vehicles but delivered 3,806, exceeding production by reducing existing inventory as part of a $1.4 billion cash flow improvement plan. The company aligned production with near-term demand, cutting a second shift at i...

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