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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
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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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