Chainflip to reset provider balances after 736,442 USDT TRON exploit

  • Chainflip plans to reset affected liquidity providers’ displayed TRON balances to zero.
  • Six withdrawals were paid twice, causing a loss of 736,442 USDT.
  • Chainflip resumed other networks on Sept. 16 while TRON remained excluded.

Chainflip plans to reset affected liquidity providers’ displayed balances to zero after an exploit on TRON led to the loss of 736,442 USDT. The attacker exploited how the protocol handled transfer memos, causing six withdrawals to be paid twice. Chainflip resumed operations on other supported networks on Sept. 16, but TRON remains excluded as the protocol addresses the incident. The protocol has said it will separately record amounts owed to providers on-chain and has committed to reimbursing affected participants, without disclosing a timetable or funding source.

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