Garden Finance has disabled its application following a security breach in which an attacker exploited an independent solver’s off-chain database to insert fraudulent swap records. This incident led to a reported loss of $450,000, according to Blockaid.
Despite the exploit, Garden Finance assured users that no funds or smart contracts were compromised, as reported by CoinTelegraph. The platform’s swift response highlights the growing risks associated with off-chain components in decentralized finance applications.
For Japanese investors, this event underscores the importance of scrutinizing the security of DeFi protocols, especially as the local market increasingly embraces crypto innovations alongside traditional FX and equity trading.