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#Chainflip

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Chainflip Resets TRON USDT Provider Balances to Zero After $736,000 Exploit
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Chainflip Resets TRON USDT Provider Balances to Zero After $736,000 Exploit

Chainflip will set affected liquidity providersโ€™ active TRON $USDT balances to zero under a restart plan responding to the 736,442.17 $USDT exploit it disclosed on Sept. 12. The cross-chain swap protocol will first record each providerโ€™s pre-migration balance separately on-chain, preserving the amount Chainflip says it owes even though the active account will read zero. ...

Chainflip Loses 736,442 USDT in TRON Exploit
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Chainflip Loses 736,442 USDT in TRON Exploit

Chainflip Loses $736,442 in USDT Through TRON Memo Exploit Cross-chain protocol Chainflip suffered a security breach resulting in the loss of 736,442.17 USDT after an attacker exploited how the platform processes TRON transaction memos. The incident occurred during the early hours of September 12, prompting the protocol to pause operations while developers investigated and prepared ...