Chainflip pauses operations after TRON USDT memo exploit drains 736,442 USDT in unauthorized payouts
first published 2026-09-13T14:27:03Z
Chainflip said an attacker exploited its TRON USDT integration’s handling of transaction memos, leading to six unauthorized payouts totaling 736,442.17 USDT over about 90 minutes. The protocol paused operations, fixed the issue, and said affected users will be made whole. One additional swap worth 115,654.41 USDT remains unpaid but secure in the vault until the network restarts, expected no earlier than Monday.
AI Analysis
The summary reports an exploit that caused unauthorized payouts and forced the protocol to pause operations, which is clearly negative and likely to affect trading sentiment. The impact is moderately high because it involves a concrete loss, an operational halt, and a fix/restart timeline.
Expected Investor Sentiment: Bearish
Potential Market Impact: Significant
