Exclusive: ZachXBT Exposes Garden Finance as Key Player in Laundering $1.4B from Bybit Hack
Crypto detective ZachXBT drops a bombshell: Garden Finance allegedly served as a laundering hub for a staggering $1.4 billion stolen in the Bybit exploit. The blockchain never lies—but some projects sure try to hide the truth.
Follow the money—straight into DeFi's shadows
On-chain trails don’t lie, and ZachXBT’s latest findings paint Garden Finance as the middleman in one of crypto’s biggest money-moving schemes. That ‘yield farm’? More like a crime scene.
The $1.4 billion question
While Garden’s team plays innocent, the blockchain timestamps tell a different story—millions flowed through their protocols within hours of the Bybit breach. But hey, what’s a nine-figure transaction between ‘friends’?
Crypto’s dirty little secret: everyone’s complicit until proven otherwise. Another day, another ‘legitimate project’ caught with its hands in the cookie jar—except this jar held enough to buy a small country.
Source: X
The exchange has since escalated into a public spat, with Gulati defending the protocol’s decentralized nature while critics label the situation as “dirty money finding dirty hands.”
As regulators worldwide eye tighter oversight of crypto, ZachXBT’s findings could prompt legal scrutiny. This revelation also raises questions about whether platforms facilitating such flows might be deemed accomplices.
Also read: CoinMarketCap Confirms Removal of Malicious Wallet Scam Popup
