Garden Hacker Cleans $11M Using Tornado Cash

Garden Hacker Laundering Incident: The Garden hacker is laundering $11 million in stolen assets through Tornado Cash, primarily using Ethereum (ETH) and Binance Coin (BNB), raising concerns about internal security failures and potential insider involvement.

Community Backlash and Security Concerns: The incident has sparked significant backlash within the cryptocurrency community, highlighting a heightened sense of insecurity and complicating efforts to trace transactions, which may lead to regulatory scrutiny on anonymous transaction platforms.

Historical Context of DeFi Exploits: This laundering activity mirrors previous DeFi exploits where hackers utilized Tornado Cash, suggesting a pattern that could result in increased regulatory pressure on privacy-focused services and a need for enhanced security measures.

Impact on Garden Protocol's Reputation: The reputational damage to the Garden protocol is considerable, as it was previously recognized for its bridged assets, and the incident raises questions about the overall trust in DeFi systems and their security protocols.