Cross-chain bridge Garden Finance was hacked! The loss was about US$5.5 million, and the official provided a 10% white hat bounty to the hacker to pay back the money.
Garden Finance was suspected of being hacked and suffered a loss of over US$5.5 million. The team has not yet responded publicly.
(Preliminary summary: Lost three times in two years! The lending agreement Abracadabra Money was hacked again and lost US$1.8 million, with a total loss of 21 million mg)
(Background supplement: Web3 incubator Seedify cross-chain bridge was hacked! $SFUND plummeted in response, and the founder urgently offered a reward for help)
Blockchain detective ZachXBT announced this evening (30th) on his Telegram The channel disclosed that the cross-chain protocol Garden Finance may have been attacked on multiple blockchains, with losses exceeding $5.5 million.
According to ZachXBT investigation, an address related to the Garden Finance team sent a message to the hacker on the blockchain, offering to pay a 10% whitehat bounty to encourage the attacker to return the stolen funds. However, Garden Finance has not made any public comment on the incident so far.
It is worth mentioning that ZachXBT emphasized that it pointed out a few days ago that Garden Finance ignored the calls of victims and refused to return fees related to stolen funds in the cryptocurrency field. ZachXBT estimates that more than 25% of Garden Financeās total activity is related to stolen funds, including hacks on platforms such as Bybit and Swissborg.
What is Garden Finance?
Garden Finance is a decentralized cross-chain bridge project designed to allow users to transfer Bitcoin and other digital assets between different blockchain networks. The core features of the project include trustless transactions and fast settlement, with the goal of reducing users' risks and waiting times in cross-chain transactions.
