Chainflip to reset TRON USDT provider balances to zero following $736,000 exploit

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Chainflip will reset affected liquidity providers’ active TRON USDT balances to zero under a restart plan responding to a 736,442.17 USDT exploit disclosed on September 12. The attacker exploited how the protocol read TRON transfer instructions to cause six withdrawals to be paid twice, draining the TRON vault of its USDT. The protocol has separately recorded on-chain the amount owed to each affected provider to preserve recovery claims, but repayment remains pending with no disclosed funding source or payout schedule. Chainflip patched the vulnerability by limiting which TRON transfers can carry swap instructions in a memo.

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Telemac
Telemachttp://cryptoinfo.ch
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