Garden Finance has temporarily disabled its app after an attacker exploited a vulnerability, resulting in a $450,000 loss. According to the company, the exploit occurred when an attacker compromised an independent solver's off-chain database and inserted fraudulent swap records.
Fortunately, Garden Finance reported that no user funds or smart contracts were affected by the exploit. This is based on reporting from CoinTelegraph.
The incident highlights the importance of robust security measures in decentralized finance (DeFi) applications. Garden Finance's swift response to the exploit has helped mitigate potential damage.