Chainflip Protocol Lost Hundreds of Thousands USDT Due to a Tron Operation Error

cryptonews.ruОпубліковано о 2026-09-14Востаннє оновлено о 2026-09-14

Анотація

The Chainflip protocol lost hundreds of thousands of USDT due to an error in its Tron network integration. The attack occurred over eight stages across approximately 90 minutes, during which the hacker tested the exploit with small amounts before gradually increasing the transfer sizes. The team only detected the issue when mass errors started occurring for all users attempting USDT transactions on Tron. By that time, the attacker had nearly exhausted the pool of funds used for the exploit. Chainflip was forced to halt operations to prevent further losses and investigate the root cause. One pending client swap transaction worth $115,654 remained at the time of shutdown, which the company pledged to complete after restarting the system. Developers assured that all other user funds are safe and promised full compensation for those affected by the incident. This event follows a separate attack where approximately $1.7 million in cryptocurrency was drained from an escrow contract related to the Notional Finance project.

The attack lasted about 90 minutes across eight stages, Chainflip representatives said. The hacker tested the scheme with small amounts and then gradually increased the size of the transfers.

The team noticed the problem only when stablecoin USDT payouts on the Tron network started failing en masse for all users. By this time, the attacker had almost exhausted the supply of funds used for his operations.

Chainflip urgently stopped operations to prevent further losses and determine the cause of the failure. At the time of the shutdown, one customer exchange transaction worth $115,654 remained unprocessed. The company promised to complete it after restarting the system.

The developers stated that the remaining user funds are safe and promised to fully compensate all those affected by the incident.

Earlier, unknown individuals withdrew about $1.7 million in cryptocurrency from an escrow contract related to the Notional Finance crypto project. The incident was reported by blockchain researcher Specter and analysts from PeckShield.

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QWhat happened to the Chainflip protocol according to the article?

AThe Chainflip protocol lost hundreds of thousands of USDT due to an exploit in its Tron operations.

QHow long did the attack last and what was its pattern?

AThe attack lasted about 90 minutes and was conducted in eight stages, with the hacker starting with small amounts and gradually increasing the transfer sizes.

QHow did the Chainflip team become aware of the issue?

AThe team noticed the problem when USDT payments on the Tron network started failing en masse for all users.

QWhat action did Chainflip take upon discovering the attack?

AChainflip urgently halted operations to prevent further losses and to investigate the cause of the failure.

QWhat did Chainflip promise to do regarding user funds affected by the incident?

AChainflip stated that other user funds were safe and promised to fully compensate all losses for those affected by the incident.

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