According to @PANewsCN, on-chain analyst ZachXBT reported that cross-chain yield platform Garden Finance suffered a multi-chain exploit with losses exceeding $5.5 million. source: @PANewsCN; ZachXBT The stolen assets were rapidly swapped into non-freezable tokens, limiting freeze-and-recovery options. source: @PANewsCN; ZachXBT The attacker-associated address is 0x98BCc6c34A489CEfdD9DfA8d792CFEFb02Ea2D12. source: @PANewsCN; ZachXBT Garden Finance sent an on-chain notice offering a 10% white-hat bounty for the return of funds and assistance in patching the vulnerability, providing a designated return address and contact. source: @PANewsCN ZachXBT also noted days earlier that Garden Finance ignored user refund requests and that 25%+ of its platform activity was linked to stolen funds from incidents involving Bybit and Swissborg. source: @PANewsCN; ZachXBT As of now, no formal public response has been issued by the project regarding the exploit. source: @PANewsCN

According to @PANewsCN, GMGN co-founder Haze said the team has completed distributing compensation to users impacted by an MEV attack, with payouts sent to affected wallets yesterday; source: https://twitter.com/PANewsCN/status/1982641516008132932 and https://x.com/haze0x/status/1982635884341272897. Haze stated the incident occurred 48 hours prior and affected 729 transactions, after which the team calculated losses and executed reimbursements; source: https://x.com/haze0x/status/1982635884341272897. For traders, verify on-chain receipt of compensation and monitor GMGN communications for any MEV-protection or security updates following the incident, based on the team’s statement that payouts are complete; source: https://x.com/haze0x/status/1982635884341272897.