Chainflip loses 736,442 USDT in TRON exploit

Chainflip has lost 736,442.17 USDT through six unauthorized payouts after an attacker exploited its handling of TRON transaction memos. Summary Chainflip reported 736,442.17 USDT lost through six unauthorized payouts tied to its TRON integration exploit. Attackers repeated the same deposit eight times within approximately ninety minutes using altered transaction memos. One pending swap worth 115,654.41 USDT remains unpaid, while its funds stay inside Chainflip’s vault. Chainflip finalized a fix but said operations would remain paused until Monday at the earliest. The protocol promised compensation, although its final reimbursement method and technical report remain pending publicly. Chainflip said in a Sept. 13 incident update that the attack targeted its TRON USDT integration during the early hours of Sept. 12. The cross-chain protocol paused operations while its developers investigated the transactions and prepared a fix. One legitimate user swap worth 115,654.41 USDT remains unpaid. Chainflip said the funds are still held in its vault and can be released after the network restarts. The protocol reported that no other funds were affected. The loss figure and attack sequence repre...