Cronos rolls back blockchain by two hours to recover $111M in stolen crypto

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Cronos blockchain executed a controversial rollback of nearly two hours of its transaction history to recover user assets worth approximately $111 million. The decision was made after a security incident that threatened significant user funds on the network. Validators coordinated the rollback as an emergency measure to restore the compromised assets. However, the attackers had already managed to escape with around $9.19 million before Cronos was able to halt the network.

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