Security· ★★★· bearish·

Chainflip loses $736K USDT in exploit tied to TRON integration

  • The attack occurred on September 12, with losses of 736,442.17 USDT across 6 payouts
  • The exploit was used 8 times in roughly 90 minutes, with amounts doubling
  • The Chainflip network is paused until a fix and relaunch plan are completed
  • Another 115,654.41 USDT from a legitimate swap remains in the protocol's vault
Why it matters: The incident highlights the risks of differences between blockchain integrations, and the network pause affects Chainflip users' swaps and liquidity.
Source: Live Bitcoin News