Garden Finance Halts Operations After $450K USDT Heist

Garden Finance, a cross-chain bridging platform, has temporarily suspended operations following a security breach that resulted in the theft of approximately $450,000 in USDT tokens. The incident occurred on July 27 when an unauthorized party gained access to one of the platform's third-party solvers' off-chain database infrastructure.

The attacker manipulated transaction records by creating fraudulent entries that deceived the solver into releasing funds for swaps that were never legitimately initiated. This resulted in losses totaling around $450,000 in USDT tokens across multiple blockchain networks, including Ethereum, Base, Arbitrum and BNB Chain.

Garden Finance emphasized that the underlying protocol architecture and its hash time-locked contracts (HTLCs) remained completely secure throughout the incident. The company also stated that customer assets were never exposed or compromised during the breach, with all financial losses stemming exclusively from the affected solver's proprietary funds.