Garden’s $11M Blockchain Blunder: When Solvers Go Rogue!
Blockchain company Garden hit a snag, losing $11 million in assets after hackers exploited one of its solvers. Despite the setback, Garden assures user funds are safe. The mysterious solver might be more of an inside job than an algorithm gone rogue, sparking controversy in the DeFi community.
Hot Take:
Garden’s not-so-secret garden got raided, and it seems like their solver was less of a whiz kid and more of a rebellious teenager. While the company assures us the user funds are safe, it’s hard to ignore the fact that $11 million just packed up and left for an unauthorized field trip. Garden’s blockchain bridge is starting to look more like a bridge to nowhere, with DeFi dreaming big while reality rains on their parade. And let’s not forget about the North Korean cybercriminals, who are apparently frequent flyers on Garden’s blockchain cruises.
Key Points:
- Garden’s app was temporarily shut down after a security breach resulting in $11 million being stolen.
- The breach exploited one of Garden’s solvers, raising concerns about its management and autonomy.
- Garden claims user funds are safe, but controversy lingers about the nature of the compromised solver.
- There are allegations of North Korean cybercriminals using Garden’s protocol for illicit purposes.
- Garden plans to onboard more independent solvers to enhance security and resilience.