Garden Finance Halts App After $450,000 USDT Exploit

Garden Finance has temporarily disabled its application following a security breach. Security researchers at Blockaid spotted the attack, which targeted the protocol through HTLC contracts.

The hacker managed to drain about $450,000 in USDT. The stolen funds were spread across several networks, including Ethereum, Base, Arbitrum, and the BNB Smart Chain.

Traders and users should stay away from the platform until the team fixes the vulnerability and shares a full security update. We will keep tracking this story as more details come out about the recovery efforts.