Ontology blockchain remains down 24 hours after targeted attack activity

  • Ontology paused mainnet block production after identifying a potential security concern.
  • 24 hours is the minimum additional outage period announced by Ontology on September 1.
  • Cronos contained Tectonic losses at $6 million in Ethereum, according to PeckShield.

Ontology’s blockchain will remain offline for at least another 24 hours after developers attributed its August 31 shutdown to targeted malicious attack activity. The mainnet was paused after a daily check identified a potential security concern, allowing validators to investigate. Ontology said it has seen no evidence that ONT, ONG, or other assets were tampered with, and any restart depends on remediation, testing, and a third-party security review. Cronos has resumed operations after containing a Tectonic attack involving as much as $74 million in TONIC token price inflation; PeckShield said losses were limited to $6 million in Ethereum. Tectonic’s total value locked (TVL) fell from about $122 million to below $3 million before recovering above $121 million. Injective halted for 3 hours and 42 minutes on August 31, but the chain’s block height rose by exactly one during the gap. A claim that an exploit drained about $2.79 million remains unconfirmed by Injective and Upbit. INJ traded near $4.83 on September 1, according to CoinMarketCap.

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