Cryptocurrencies have emerged as a prime target for cybercriminals over the years, resulting in significant financial losses. Today, another incident has been added to this string of losses. ZachXBT has warned investors after identifying that addresses related to Garden Finance protocol were scammed of 5.5 million dollars. The team is actively working on retrieving the funds.
Details of the Cryptocurrency Hack
The breach uncovered by ZachXBT is substantial, amounting to 5.5 million dollars. The team has reached out to the attacker, requesting the return of the stolen funds and offering a 10% reward for their cooperation. While they have communicated with the perpetrators through an on-chain message, they have not yet released an official public statement. The assets that could be frozen were quickly exchanged by the hackers.
ZachXBT, a crypto detective, stated that 25% of the funds’ movements in the cross-chain project Garden Finance are related to the stolen assets. He plans to share more detailed information soon.
Reward Offer for Recovery
The team’s reward message reads as follows:
“We are aware that our systems, including but not limited to Arbitrum, have been compromised across multiple blockchains and our assets have been stolen. To resolve this issue, we are offering a 10% reward for the return of the funds and assistance in identifying and fixing the security vulnerability.
We are committed to resolving this problem peacefully and preventing further harm. If you choose to return the stolen assets and help us understand the exploitation, we will provide you with 10% of the total recovered value as a reward.
Our aim is to resolve this matter through collaboration, not punishment.
Please send the recovered assets to the address below:
0x3fdee07b0756651152bf1 1c8d170d72d7ebbec49”
