Chainflip to reset TRON USDT provider balances to zero following $736,000 exploit

Chainflip is implementing a restart plan following a $736,442.17 USDT exploit on its TRON vault that occurred on Sept. 12. The protocol will reset affected liquidity providers' active TRON USDT balances to zero while recording their pre-migration balances on-chain to track owed funds. The exploit involved an attacker triggering double payments on six liquidity-provider withdrawals by exploiting how the protocol processed transaction memos. While swaps have resumed on other parts of the network, TRON remains excluded as the protocol works through position unwinding and a pending reimbursement process.