Chainflip Loses $736K in USDT After TRON Exploit Triggers Double Payouts

11 hours ago 3

Key Takeaways:

Chainflip suffered six unauthorized withdrawals for a total loss of 736,442.17 USDT due to an issue with its TRON USDT transaction processing.
The attacker tried it eight times over about 90 minutes, escalating the amounts used.
Chainflip has halted its network and ensured that unaffected funds were safeguarded and will be fully reimbursed to the impacted users.

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