Garden Finance, a cross-chain yield protocol, has suffered a major security breach resulting in losses exceeding $5.5 million, according to blockchain investigator ZachXBT. The exploit appears to have targeted the project’s multi-chain infrastructure, with attackers swapping stolen assets into Ether (ETH) shortly after the breach.
The team behind Garden Finance has yet to issue a formal public statement but did send an on-chain message to the attacker offering a 10% white-hat bounty in exchange for the return of the stolen funds.
Blockchain security firm PeckShield confirmed the ongoing movements of the compromised assets, noting that all freezeable tokens were quickly converted.
ZachXBT’s analysis suggests the total exposure could exceed $10.8 million, affecting several networks. He also pointed out that more than 25% of Garden Finance’s historical activity was connected to previously stolen assets, referencing prior incidents tied to Bybit and Swissborg exploits.
The theft addresses involved are 0x98BC on Ethereum and WZy4xx on Solana, both now flagged for suspicious activity.
The Garden Finance exploit follows several major DeFi breaches this month, including the Coinbase hack, where attackers stole over $300 million and later used part of the funds to buy 100,000 SOL.
Both incidents shows persistent vulnerabilities in cross-chain systems and the growing need for stronger security and verification standards across decentralized networks.
Also read: Radiant Hacker Moves $26.7 Million in Stolen Funds to Ethereum
