Garden Fi protocol exploited for $450K.
Security & Exploits ·
Security firm Blockaid identified an ongoing exploit targeting Garden Fi's HTLC mechanism, with approximately $450,000 in USDT withdrawn to date across four networks: Ethereum, Base, Arbitrum, and BSC. The exploiter operates from address 0x25b224c05f6cc5e132165c1621de1a4c3b316999, with one documented transaction moving funds from the protocol.
The exploit appears active and ongoing rather than a single isolated incident. The funds have been dispersed across multiple blockchain networks, complicating recovery and tracing efforts.
No information has been disclosed about the root cause of the vulnerability, whether funds have been recovered, or the total potential exposure of Garden Fi's HTLC contract. The protocol's response and status remain unconfirmed.