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Saved February 14, 2026
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Garden, a bitcoin swapping protocol, was hacked shortly after announcing significant growth, losing $11 million. Although no user funds were affected and the protocol remains intact, the company is investigating the breach and has offered a bounty to the hacker for a peaceful resolution.
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Garden, a bitcoin swapping protocol, suffered a significant security breach just after announcing a multibillion-dollar milestone. The hack resulted in the loss of $11 million, although co-founder Jaz Gulati claims that user funds remain secure and the protocol itself isnβt affected. The team is currently investigating the incident and working with security partners to identify the cause and restore the app.
Blockchain investigator ZachXBT highlighted that Garden had previously been criticized for allegedly ignoring victims of past exploits. The stolen funds mainly consist of stablecoins like USDC and USDT, with some converted into Ethereum. In a surprising twist, Garden's on-chain message to the hacker included a 10% bounty for returning the funds, emphasizing a desire for peaceful resolution rather than punitive measures. This incident follows prior accusations against Garden for facilitating money laundering for North Korean hackers, raising further concerns about the platform's reputation.
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