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rollback

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first_img Cronos rolled back the blockchain to recover 111 million USD in stolen funds

Cronos confirmed in a post-mortem report that the attack on the lending platform Tectonic on August 30 involved $120.4 million in borrowing activities. The validators made the "difficult decision" to roll back the on-chain history, successfully recovering approximately $111.2 million (about 92% of the affected funds), while about $9.19 million flowed out before the network was paused and could not be recovered. The attacker leveraged weak DEX liquidity to inflate the price of Tectonic token TONIC by about 100 times within minutes and borrowed $120.4 million through a single transaction across nine markets. The validators paused the network about two hours later, restoring the chain to the last block before the suspicious activity, with block production resuming approximately 11 hours after the attack. The rollback involved reversing 1 hour and 54 minutes of on-chain history, totaling 10,961 blocks, with all transactions within that window being canceled, regardless of whether they were involved in the attack. Cronos stated that the alternative would have been to restart the network without restoring the previous state, which would have left the stolen assets in the hands of the attacker. This rollback closely followed Harmony's announcement of a similar plan, while Flow abandoned its rollback proposal last December due to community opposition. The validator cap for Cronos is 100, which facilitated quick coordination for the pause and restart, but also indicated that the network's finality in emergencies depends on validator consensus.

deBridge co-founder: Flow's hasty rollback may trigger greater systemic risks

deBridge co-founder Alex Smirnov posted on the X platform, stating that he has noticed the news regarding Flow's decision to roll back the blockchain state and expressed concerns about the execution of that decision.Alex pointed out that although Flow officials claim to be in a synchronization window with key ecosystem partners such as bridges, CEXs, and DEXs, deBridge, as one of the main cross-chain bridges for Flow, has not received any communication or coordination from the Flow team. Alex stated that the economic losses that may result from a hasty rollback of the chain state could far exceed the initial security incident itself and could trigger systemic issues, affecting cross-chain bridges, custodians, users, and counterparties that were operating normally during the relevant time window.He specifically mentioned potential issues during the cross-chain process, such as balance doubling and assets being unrecoverable, and pointed out that several large cross-chain and custodial transactions have already been completed during the rollback window, including USDC-related transactions managed by LayerZero. Alex further compared that in past similar incidents, such as with BNB Chain, the approach taken was more about isolating the attacker rather than rolling back the global state.He urged Flow validators to pause the validation of the rollback chain until a clear remedy plan is established, ecosystem coordination is completed, and security organizations are involved, to avoid irreversible consequences. He emphasized that the current situation requires more transparency, collaboration, and restraint, rather than rapid execution of aggressive actions.
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