Garden Finance shuts app after $450,000 solver breach

Cross-chain finance protocol Garden Finance has taken its application offline following a security incident that resulted in the loss of approximately $450,000 in USDT. The company attributed the loss to a breach of an independent solver's off-chain database, which occurred on Sunday, July 26, 2026, and emphasized that its core protocol contracts and user funds were not compromised.

Blockchain security firm Blockaid initially reported that an attacker had drained funds from Garden's hash timelocked contracts (HTLCs) deployed across Ethereum, Base, Arbitrum, and BNB Smart Chain. HTLCs are time-bound escrow contracts that enable atomic swaps between Bitcoin and assets on other blockchains. However, Garden Finance clarified that its on-chain smart contracts were not exploited. According to the company, the attacker gained access to the off-chain database of a single independent solver and inserted fraudulent transaction records. These manipulated records caused the solver to release funds for swaps that were never funded by the counterparty, leading to the loss of solver-owned assets.

Garden Finance stated that no user funds were lost or placed at risk because the incident was...