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Garden Finance pauses app after $450K exploit
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Garden Finance pauses app after $450K exploit

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  • Garden Finance has taken its application offline after a $450,000 exploit.
  • The attack targeted hash time-locked contract (HTLC) transactions.
  • The team is investigating the incident and working on a fix.

Garden Finance has taken its application offline after an exploit resulted in the loss of about $450,000.

The protocol said the attack targeted hash time-locked contract (HTLC) transactions, prompting the platform to suspend services while it investigates.

Garden Finance said user funds outside the affected transactions remain secure as the investigation continues.

The team is working to identify the cause of the exploit and plans to restore services once the issue has been resolved.

HTLCs are commonly used to enable secure cross-chain transactions by requiring cryptographic proof before funds are released.

The incident highlights the ongoing security risks facing decentralised finance protocols despite continued improvements in smart contract security.

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