ZachXBT Accuses Garden Finance For Laundering  Bybit Hack Funds

Garden Finance Experiences Remarkable Growth Amidst Allegations of Money Laundering

Recent data from Dune Analytics has shed light on the impressive growth of Garden Finance during Q2 of 2025, showcasing a significant increase in BTC swaps, user interactions, and total fees collected compared to Q1. The platform has emerged as the fastest Bitcoin bridge, facilitating a total BTC volume of 24,984 BTC, equivalent to over $1.5 billion across 40,571 atomic swaps. Additionally, Garden Finance has accumulated 40.11 BTC in fees, with the largest single swap on the platform reaching 10 BTC.

However, this growth has been overshadowed by allegations of money laundering leveled against the platform by ZachXBT. The renowned on-chain investigator has accused Garden Finance of generating a majority of its recent fees through the laundering of funds, allegedly with the assistance of Chinese launderers connected to the Lazarus Group. These claims have sparked significant interest and raised questions about the trustworthiness of decentralized platforms.

In response to the allegations, Jaz Gulati, the founder of Garden Finance, has vehemently denied the accusations, citing previous posts where he shared information about the platform’s operations prior to the Bybit hack. Despite Gulati’s defense, ZachXBT has continued to criticize Garden Finance, questioning its decentralization and legitimacy as a decentralized bridge.

The controversy surrounding Garden Finance has escalated further with the involvement of other users such as James Scaur, who suggested a Pareto distribution model to explain the concentration of liquidity providers on the platform. However, ZachXBT has refuted this explanation, highlighting concerns about the platform’s lack of decentralization and the potential for illicit transactions to occur.

The heated exchange of allegations and defenses on social media platforms has raised the possibility of legal scrutiny for Garden Finance, as the allegations of money laundering and illicit activities continue to be debated. The future of Garden Finance remains uncertain as the crypto community closely monitors the developments and implications of these accusations.

In conclusion, while Garden Finance has experienced significant growth in its platform, the shadow of allegations of money laundering has cast a cloud over its success. The crypto community awaits further clarification and resolution of these allegations to determine the platform’s credibility and integrity. Stay tuned for more updates on this evolving story in the crypto world.