According to Cointelegraph, Garden Finance, a cross-chain bridging and atomic swap protocol, temporarily took down its application on July 27 after detecting unusual activity. Blockchain security firm Blockaid revealed that attackers exploited a vulnerability in Garden Finance’s hash time-locked contracts (HTLCs), stealing approximately $450,000 in USDT across four networks: Ethereum, Base, Arbitrum, and BNB Smart Chain.
Garden Finance Suffers Hack, Loses $450,000 in USDT
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Summary
Garden Finance, a cross-chain bridge and atomic swap protocol, temporarily shut down its app on July 27 after detecting unusual activity. A crypto hack exploited a vulnerability in its HTLC system, siphoning $450,000 in USDT from Ethereum, Base, Arbitrum, and BNB Smart Chain. Blockaid confirmed the breach. This incident adds to recent on-chain developments underscoring security risks in DeFi protocols.
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