Chainflip
Last changed 2026-10-27 · Fact-check review — Fact-check review (verdict: revise): the reviewer checked the page's claims against its sources; the trust score did not change. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -6 |
| Incidents it suffered (e.g. hacks) | -10 |
| Problems around it, caused by others | -3.3 |
| Long-running | +10 |
| Recent unresolved incident | -12.7 |
| Sum | 43 |
Score: 53/100 (kept between 0 and 100)
How scoring works →Page reliability: Fact-checked 2026-10-27 · 10 of 12 claims confirmed · 2 need better sources
anchored·5zBXFM…RkAbSummary
Chainflip is a decentralized cross-chain swap protocol that uses a validator network, threshold signature schemes, and a Substrate-based State Chain to facilitate native asset swaps across blockchains without wrapped tokens or bridges. On September 12, 2026, an attacker exploited a flaw in Chainflip's TRON USDT memo-handling logic, triggering duplicate payouts across six transactions totaling 736,442.17 USDT over approximately 90 minutes. Chainflip halted the entire network, patched the vulnerability, and committed to making affected liquidity providers whole, though the specific reimbursement mechanism and a complete technical post-mortem remained pending as of the time of reporting.
Incidents (1)
- Chainflip TRON USDT Exploit (September 2026)added 2026-09-24
Connected Entities
6 entities · 60 linked investigations- Ethereum→mentioned with→Bitcoin(60%)
- Chainflip→mentioned with→Ethereum(60%)
- Chainflip→mentioned with→Bitcoin(60%)
- Uniswap→mentioned with→Bitcoin(60%)
- Chainflip→mentioned with→Uniswap(60%)
- Chainflip→mentioned with→Solana(60%)
- Chainflip→mentioned with→Tether(60%)
- Uniswap→mentioned with→Ethereum(80%)
- Tether→mentioned with→Bitcoin(60%)
- Solana→mentioned with→Ethereum(60%)
3 submissions awaiting moderator review.
Timeline(5 events)
1 January 2020
Chainflip Labs founded as a spin-out from the Oxen project by Simon Harman and Chris McCabe.
Bybit Learn — What is Chainflip (FLIP)?12 September 2026
Attacker begins exploiting TRON USDT memo-handling vulnerability between approximately 01:44 and 03:10 UTC. Eight attempts are made; six succeed, draining 736,442.17 USDT across approximately 90 minutes. One pending swap of 115,654.41 USDT remains stuck in the vault.
crypto.news — Chainflip loses 736,442 USDT in TRON exploit12 September 2026
Chainflip detects the exploit and pauses all network-wide swap and quoting operations. The team notifies unspecified 'relevant parties' about the stolen funds.
CryptoTimes — Chainflip Halts Network After $736K Tron USDT Exploit13 September 2026
Chainflip publishes incident disclosure. Confirms exploit was limited to TRON USDT route, all other funds secure, and commits to making affected users whole. Announces plan to reset TRON USDT provider balances to zero while recording owed amounts separately on-chain.
CryptoSlate — Chainflip to reset TRON USDT provider balances to zero16 September 2026
Chainflip reports that swap and quoting operations have resumed across the network, with TRON excluded pending full recovery. TRON USDT provider balance migration and reimbursement process remain ongoing.
CryptoSlate — Chainflip to reset TRON USDT provider balances to zeroDecision Log
- slot 462357835 · hash DtbDqJLxSQzzCL6YHMeRztNqTai3wvDtP7SqcJpwybhd
- slot 462169986 · hash Aj4c28KStPUBrMW1Nbx879fV11hNFbFC2iQSQd9C9AM1
- slot 462169980 · hash 5sas9mhPZ5g52ZPxGTG6iwu2TQpTuvK66T3HywxbZoaF
- slot 455365207 · hash 7qWDkqit51zh7j1rLAZaMRJpukxCEmARwjPxDKanfZJi
- slot 447793401 · hash 9xojnRhJw5UQRft6Xa99ELjFWxmpeVXsAnYaMuPSDDLS
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 10 of 10 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 9/17/2026, 12:16:17 PM
last updated: 10/27/2026, 6:20:43 PM
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