Chainflip's TRON USDT integration hacked, network expected to recover as early as Monday

TechFlow reports that on September 13, cross-chain protocol Chainflip disclosed that its TRON USDT integration was attacked. The attacker exploited a vulnerability in the TRON transaction memo processing mechanism, causing the same deposit to be paid twice by the system.

The attacker carried out 8 attacks within approximately 90 minutes, ultimately resulting in 6 unauthorized payments with a total loss of 736,442 USDT. Additionally, a user Swap of 115,654 USDT remains unpaid, but the associated funds are still securely held in the Vault.

Chainflip stated that the remaining funds were unaffected and will compensate affected users. A fix for the vulnerability has been determined, and the network is expected to resume operations as early as Monday.