Garden HTLC Exploited in Cross-Chain Attack; Approximately $450,000 USDT Stolen
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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.
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⚠️ AI سے تیار کردہ تجزیاتی سمجھ خبروں کے مواد پر مبنی ہے اور صرف معلوماتی مقاصد کے لیے فراہم کی گئی ہے۔ یہ سرمایہ کاری کا مشورہ نہیں ہے اور نہ ہی BingX کے خیالات کی نمائندگی کرتی ہے۔ سرمایہ کاری میں رسک شامل ہے۔ براہ کرم ذمہ داری سے ٹریڈ کریں۔
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.
