๐จ๐ฅ Explosive Allegations Rock the Crypto World! ๐ฅ๐จ
๐ Renowned on-chain sleuth @ZachXBT has dropped a bombshell, accusing Garden Finance, a popular Bitcoin bridge, of laundering proceeds from the Bybit hackโa staggering $1.4B exploit allegedly linked to the Lazarus Group. ๐ต๏ธโโ๏ธ๐ป
๐ก Key Allegations:
๐ Over 80% of Garden's recent fee revenue (~$300K in ~38.9โฏBTC) came from Chinese launderers tied to the hack.
๐ Claims that a single actor is topping up liquidity, undermining decentralization.
๐ Allegations of Garden knowingly facilitating this flow of illicit funds.
๐ซ Garden's co-founder Jaz Gulati denies the claims, stating fees were earned pre-hack and labeling the accusations as "fake and misinformed."
๐ฐ The Numbers Speak:
24,984โฏBTC bridged (~$1.5B in volume).
40.11โฏBTC total fees earned by the bridge.
Now under the microscope for alleged complicity.
๐ฅ Why It Matters:
The Bybit hack remains the largest crypto heist in history, and these allegations could spell regulatory crackdowns for DeFi platforms like Garden Finance. The crypto community awaits clarityโwas this deliberate, or a tragic misuse of DeFi tools?
๐ฃ Whatโs Next?
Will Garden refund illicit fees? Will DeFi bridges face tougher regulations? The drama continues to unfoldโฆ
Join the conversation!
What do you think? Should DeFi platforms be held accountable for bad actors, or is this just another case of growing pains for the crypto world? Share your thoughts below! ๐
#CryptoDrama #BybitHack #ZachXBT #GardenFinance #DeFi #CryptoNews #BlockchainScandal #LazarusGroup #BitcoinBridge #CryptoRegulation
