Garden HTLC Exploited in Cross-Chain Attack; Approximately $450,000 USDT Stolen
AI Market Summary
Blockaid flagged an ongoing attack on Garden's HTLC, with about $450,000 USDT reportedly stolen across Ethereum, Base, Arbitrum, and BNB Chain. Garden has paused the app and launched a full investigation. While the dollar amount is modest, cross-chain exploit headlines can pressure risk sentiment, reduce user activity in affected protocols, and raise short-term security scrutiny for assets and dApps on Ethereum-linked ecosystems.
Impact level
● Medium
Affected assets
ETH/USDT+3.79%
AI Insight · ETH/USDTAI Insight
▼ Bearish
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On Dec. 12, security firm Blockaid reported that Garden's Hashed Time Lock Contract (HTLC) fell victim to a cross-chain exploit, resulting in the theft of approximately $450,000 in USDT. The attack spanned several major networks, including Ethereum, Base, Arbitrum, and BNB Chain. In response to the breach, Garden announced via X that it had identified abnormal activity and subsequently shut down its application to prevent further losses. The project team has launched a comprehensive investigation into the incident and committed to providing regular updates as more information becomes available. This security breach highlights ongoing vulnerabilities in cross-chain infrastructure. According to reports from ChainCatcher and Blockaid, the team is currently working to mitigate the impact and secure the protocol.
