Over $10M Lost: Garden Finance's Security Breach Uncovers Stolen Fund Links

Garden Finance lost over $10.8 million in a multi-chain exploit, revealing that more than 25% of its transactions involved stolen funds tied to major hacks and potential North Korea connections.

The exploit on Garden Finance resulted in over $10.8 million being lost across various blockchain networks, highlighting vulnerabilities in decentralized finance platforms.
On-chain analysis by ZachXBT indicated that over 25% of Garden Finances historical volume included funds associated with major hacks, raising concerns about money laundering activities.
The incident has intensified scrutiny on a Bitcoin bridge already accused of facilitating transactions linked to North Korea, complicating the platforms reputation in the decentralization community.

Why It Matters

This breach underscores the persistent security challenges facing the decentralized finance sector, particularly regarding security hacker activities and the potential for financial crimes like money laundering. As blockchain technology evolves, such incidents may shape regulatory responses and user trust.