Garden Finance paused its app after a $450,000 exploit. An attacker drained USDT from its HTLC contracts across Ethereum, Base, Arbitrum, and BNB Smart Chain, as reported by Blockaid.
Garden Finance has disabled its application following a significant security incident. Blockchain security firm Blockaid reported that an attacker successfully drained approximately $450,000 worth of USDT (a stablecoin pegged to the US dollar) from Garden Finance's HTLC (Hashed Timelock Contract) contracts. These contracts are used for secure cross-chain transactions. The funds were taken from systems operating across several major blockchain networks, including Ethereum, Base, Arbitrum, and BNB Smart Chain. The swift action by Garden Finance aims to prevent further losses and investigate the exploit. Users should stay updated on official announcements.
64.047 SRY