Garden Finance Disables App Amid $450K HTLC Exploit

Garden Finance temporarily took its app offline after Blockaid reported an ongoing exploit that drained about $450,000 in USDT across four networks.

Garden Finance Disables App Amid $450K HTLC Exploit

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Written by

Ezra Reguerra

staff writer

Reviewed by

Bryan O'Shea

staff editor

Written by

Ezra Reguerra

staff writer

Reviewed by

Bryan O'Shea

staff editor

Garden Finance disables app as Blockaid reports $450,000 exploit

Latest News

Published

Jul 27, 2026

Blockaid said an attacker drained about $450,000 in USDT from Garden Finance’s HTLC contracts across Ethereum, Base, Arbitrum and BNB Smart Chain.

Cross-chain bridging and atomic swap protocol Garden Finance temporarily took its app offline after blockchain security firm Blockaid reported an exploit targeting the protocol’s hash time-locked contracts (HTLC) across four blockchain networks.

On Sunday, Blockaid

said

an attacker drained about $450,000 in USDT from Garden’s HTLC contracts on Ethereum, Base, Arbitrum and BNB Smart Chain. HTLCs are time-bound escrow contracts that Garden uses to facilitate atomic swaps between Bitcoin and assets on other networks.

Blockaid described the exploit as ongoing when it published its alert but did not disclose the suspected vulnerability or say whether the incident affected user funds. Blockaid’s alert

included

addresses associated with the attacker and the affected contracts.

Garden

said

separately that it had detected “unusual activity” and was conducting a full investigation while its app remained temporarily offline.

Garden Finance and Blockaid acknowledged Cointelegraph’s request for comments.

The incident

follows

an October 2025 breach in which an attacker stole about $11.4 million after compromising the operating environment of one of Garden’s solvers. Garden said that breach did not affect its protocol contracts or put user funds at risk.

Related:

WEMIX says attacker moved about $724,000 after contract breach

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