Chainflip Attacked on Tron Chain, Resulting in Loss of Approximately 736,400 USDT

The Chainflip cross-chain trading protocol was attacked on the Tron chain, resulting in approximately 736,400 USDT lost due to six unauthorized payments. The network has been paused and is expected to resume as early as Monday. The attacker added their own memo to transactions that had already been signed by validators, causing the system to mistakenly identify them as independent exchanges and trigger refunds, leading to the same deposit being paid out twice. The official statement indicates that the remaining funds are secure and that affected users will be compensated.

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