Chainflip reports 736,442 USDT exploit on TRON, promises user compensation

Cross-chain protocol Chainflip suffered a security incident involving its TRON USDT processing, resulting in the loss of 736,442.17 USDT. Attackers exploited a vulnerability in how the protocol read transaction memos, leading to double payouts. The network remains paused as the development team finalizes a fix and restart plan. All other funds are secure, and the team intends to compensate affected users.