Blockaid Flags Ongoing GardenFi Exploit

GardenFi is facing an active security incident after Blockaid detected an exploit tied to its HTLC component. The security firm said about $450,000 in USDT had been drained so far across Ethereum, Base, Arbitrum, and BNB Chain.

The affected networks include four major DeFi environments, and the multi-chain activity places the exploit across several key networks. Blockaid described the incident as ongoing, meaning the reported loss may still change.

Users and market watchers are now waiting for more details from GardenFi. The case adds fresh attention to risks around cross-chain DeFi systems. Protocols that operate across several networks often need fast monitoring and emergency response tools.