Garden Finance HTLC Contracts Hit by $450,000 Exploit Across Multiple Blockchain Networks

A security incident is currently under investigation involving Garden Finance's HTLC smart contracts. Blockaid, a Web3 security firm, detected an ongoing exploit that has resulted in the loss of approximately $450,000 worth of USDT across multiple blockchain networks.

The attack has reportedly affected Garden Finance contracts operating on Ethereum, Base, Arbitrum, and BNB Chain, raising concerns among users and blockchain security researchers about potential vulnerabilities in cross-chain transaction infrastructure.

The exploit involves Garden Finance's Hash Time-Locked Contract (HTLC) system, which is commonly used to facilitate secure cross-chain swaps and decentralized transactions. Security teams are monitoring the situation as they attempt to identify the source of the vulnerability, track stolen funds, and determine whether additional assets remain at risk.