Garden Finance Suffers $5.5 Million Multichain Exploit, SEED Token Plunges

A multi-chain attack against Garden Finance has resulted in losses exceeding $5.5 million. The incident, which impacted various tokens including Bitcoin, Wrapped Bitcoin, Ethereum, USDT, and USDC, occurred on October 30th, 2025, without immediate acknowledgement from the platform. This exploit highlights growing security concerns within the decentralized finance (DeFi) space, potentially impacting investor confidence already shaken by rising vulnerabilities in cross-chain protocols. The company issued an on-chain bounty for the return of stolen funds but remained silent on a public statement. 64% of SEED token value decreased after the incident. Liquidity plummeted, making asset recovery challenging. This incident coincides with ongoing user complaints regarding Garden Finance’s past handling of refund requests, as highlighted by security analyst ZachXBT. ZachXBT revealed that the project had been ignoring victims’ requests for fee refunds, citing incidents such as Bybit and Swissborg hacks and highlighting a connection between this issue and prior exploits. 25% of Garden Finance’s total activity is attributed to stolen funds. The incident raises concerns about the security of DeFi platforms and calls attention to potential regulatory changes in the face of increasing vulnerabilities.