Garden Finance $5.5 Million Hacked…"10% Reward if Returned"

Source
JOON HYOUNG LEE

Summary

  • Garden Finance said it recently suffered damages of $5.5 million from a hacking attack.
  • Garden Finance offered to pay a 10% reward if the hacked funds are returned.
  • It was reported that an estimated 25% of fund transfers within Garden Finance are linked to the hacked assets.

The cross-chain project Garden Finance suffered a large-scale hacking attack.

On the 30th (local time), UBlockchain reported that Garden Finance recently suffered damages of $5.5 million (about 8 billion won) from a hacking attack. Garden Finance reportedly offered to pay a 10% reward if the hackers return the stolen funds.

Currently, an estimated 25% of fund transfers within Garden Finance are linked to the hacked assets. UBlockchain said, "Some of these are also connected to the Bybit and Swissborg hacking incidents."

JOON HYOUNG LEE

JOON HYOUNG LEE

gilson@bloomingbit.ioCrypto Journalist based in Seoul
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