Garden Finance disables app as Blockaid reports $450,000 exploit
Cointelegraph 2026-07-27 01:58:54
Context: Garden Finance, a financial app, has temporarily disabled its services after a security exploit was reported by Blockaid, a cybersecurity firm. The exploit targeted Garden Finance's HTLC contracts across multiple blockchain platforms, including Ethereum, Base, Arbitrum, and BNB Smart Chain. As a result, approximately $450,000 in USDT was drained from the contracts.
Key Facts
- The security exploit was identified by Blockaid, which reported that an attacker had drained about $450,000 in USDT from Garden Finance's HTLC contracts.
- The exploit affected Garden Finance's HTLC contracts across multiple blockchain platforms, specifically Ethereum, Base, Arbitrum, and BNB Smart Chain.
- Following the exploit, Garden Finance disabled its app to prevent further unauthorized access and potential losses.