Chainflip to Zero Out TRON USDT Provider Balances After $736K Exploit
- —The 736,442 USDT exploit occurred on September 12 from 01:44 to 03:10 UTC
- —The attacker triggered six double payouts to providers via a fake memo in a TRON transfer
- —Swaps and quotes resumed on September 16, with TRON still excluded
- —The vulnerability is closed: memos are now accepted only for simple TRX and TRC-20 transfers
Why it matters: Liquidity providers on the TRON/USDT route remain without payouts, and the timing and source of compensation are unspecified.
Source: CryptoSlate