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Chainflip halts trading after $736K USDT drained via Tron exploit, promises user compensation post-restart.

Market News
13 Sep 2026
CryptoTicker
View Source
Bearish
Chainflip halts trading after $736K USDT drained via Tron exploit, promises user compensation post-restart.

On September 12, 2026, Chainflip, a cross-chain swap protocol, halted all trading after an attacker exploited a flaw in its Tron network settlement path, draining 736,442.17 USDT. The attack involved manipulating the memo field of a transaction, causing multiple unauthorized payouts. While the blockchain and other functions remain operational, swaps, deposits, and withdrawals are suspended to prevent further losses. Chainflip has fixed the vulnerability and promised to reimburse affected users once the network restarts, though no timeline or detailed compensation plan has been provided yet. Users are advised to check their swap status via the protocol's block explorer and avoid sending funds until operations resume.

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Sysco urges Teamsters to end strike after agreeing on wages but dispute remains over strike timing language

Sysco urges Teamsters to end strike after agreeing on wages but dispute remains over strike timing language

Sysco Corporation and Teamsters Locals 630 and 848 have agreed on wages, benefits, and pension terms, but the strike continues due to union demands allowing strikes at any time, risking service disruptions in Los Angeles. Sysco offered an $8 hourly w...

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1 hour ago
SkyAI launches $201M tender offer at $3 per share, rejecting Forward Industries' undervalued bid

SkyAI launches $201M tender offer at $3 per share, rejecting Forward Industries' undervalued bid

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Disney remains a buy with strong IP and growth potential despite trading below peers.

Disney remains a buy with strong IP and growth potential despite trading below peers.

The Walt Disney Company is considered a buy due to its strong intellectual property portfolio and improving execution. Industry consolidation, such as the Skydance merger, highlights the value of Disney's IP and strengthens its competitive position. ...

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4 hours ago
Cardano (ADA) trades near $0.25 with mixed signals and cautious outlook on support levels.

Cardano (ADA) trades near $0.25 with mixed signals and cautious outlook on support levels.

Cardano (ADA) traded near $0.25 on October 12 following a 2.85% weekly decline, showing mixed technical signals. ADA remained above its 200-day exponential moving average at $0.241, with support levels identified around $0.245 and resistance near $0....

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Million-dollar trades surge ahead of key U.S. inflation data on Sept. CPI report

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Before the release of the September U.S. Consumer Price Index (CPI) report on October 14, large traders engaged in multiple million-dollar openings, closures, and reversals in U.S. equity-linked contracts. This activity, tracked from October 9 to Oct...

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