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

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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."

#Incidents
JOON HYOUNG LEE

JOON HYOUNG LEE

gilson@bloomingbit.ioCrypto Journalist based in Seoul

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