GardenFi Exploit Drains $450K Across Ethereum, Base, Arbitrum, and BNB Chain

GardenFi HTLC exploit drains about $450K USDT across Ethereum, Base, Arbitrum, and BNB Chain, according to Blockaid.

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.

The affected networks include Ethereum, Base, Arbitrum, and BNB Chain. The multi-chain activity places the exploit across several major DeFi environments.

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.

Blockaid Flags Active GardenFi Exploit

Blockaid said it detected an ongoing exploit affecting GardenFi’s HTLC system. HTLC stands for hashed timelock contract, a tool often used in conditional transactions. The alert said attackers had drained about $450,000 in USDT.

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