Chainflip Hack on Tron: Check Your USDT Swap Now

If you kicked off a swap through Chainflip over the weekend and nothing has arrived since, the problem is almost certainly not your wallet. The network has been at a standstill since Saturday. On September 12, 2026 an attacker drained 736,442.17 USDT through the protocol's Tron rail, and Chainflip switched off trading in response. What matters for you: your balance has not disappeared, but you cannot reach it at the moment either. This article explains what is measurably switched off, what is still running, and in which order to check your holdings.

What happened at Chainflip on September 12, 2026

Chainflip is a swap protocol that moves value between different blockchains. In the early hours of Saturday, September 12, 2026, an attacker drained 736,442.17 USDT from the protocol's settlement path on Tron, according to the matching accounts of two trade publications. The incident only became apparent when subsequent USDT payments failed. The team then halted network operations.

The attack ran for roughly 90 minutes. According to the account given by crypto.news, there were eight attempts, six of which resulted in a payout. The amounts escalated: on that analysis, each further attempt was roughly double the previous one. Chainflip says it has fixed the flaw, flagged the drained funds and announced that affected users will be made whole after the restart. At the time of writing, the restart was announced for Monday at the earliest.