Cross-chain protocol Chainflip has reported a security breach. Following the exploit, the attacker drained 736,442 USDT on the Tron network. To stop any further damage, the team has paused the network until the vulnerability is fixed.

The Incident

According to the project’s statement, the attack targeted assets on Tron, resulting in the theft of 736,442 USDT stablecoins. The Chainflip team confirmed the breach was due to an exploited vulnerability.

Network Status

The Chainflip network is currently on hold. The team says operations will resume once the vulnerability has been fully patched.