$6 Million Stolen in Significant Cross-Chain Heist from DeFi Platform by Hackers

Attack Overview: A hacker affiliated with a DPRK group drained over $11 million from the Garden Finance platform through rapid transactions, converting stolen stablecoins into Ethereum to evade freezing by issuers.

Complexity of Tracing: The use of cross-chain swaps and multiple networks has made it extremely difficult for investigators to trace the stolen assets, complicating recovery efforts.

Response from Garden Finance: In an attempt to recover the funds, Garden Finance reached out to the hacker with a plea for cooperation, offering a 10% bounty for the return of assets and information about the exploited vulnerability.

Implications for DeFi Security: This incident highlights the vulnerabilities in decentralized finance (DeFi) ecosystems, particularly with cross-chain operations, emphasizing the need for improved security measures as interconnected networks increase the risk of multi-protocol breaches.