A Crypto.com-backed blockchain just erased nearly two hours of transaction history to recover funds from a massive exploit, raising an uncomfortable question about whether the immutability that crypto investors depend on is a technical guarantee or simply a matter of…
Cronos, the Crypto.com-backed blockchain, rolled back nearly two hours of transaction history after an August 30, 2026 exploit drained $120.4 million from Tectonic, its largest lending protocol. Validators restored the chain to a point before the attack, reversing about $111.2 million of the affected funds but also erasing unrelated transactions made during the same period.
The recovery highlights a difficult question about blockchain immutability. If validators can…
