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Garden Finance Co-Founder Reports $11 Million Loss from Solver Attack

Jaz Gulati confirmed the protocol remains secure and user funds are unaffected after a targeted solver exploit, with investigations underway alongside security partners.

Summary

Garden Finance co-founder Jaz Gulati disclosed a $11 million loss due to a targeted solver attack. The platform is collaborating with security partners to investigate the incident. Gulati emphasized that protocol security and user funds remain intact, with no operational disruptions reported.

Terms & Concepts
  • Solver Attack: A type of exploit targeting automated transaction solvers in blockchain systems to manipulate outcomes or gain unauthorized profit.
  • Protocol Operations: The core functions and processes that ensure a blockchain-based platform operates as designed, including transactions and smart contract execution.