Bybit Hack Funds Laundering Allegations Surface Against Garden Finance Amid Record Growth

Garden Finance, a rapidly growing Bitcoin bridging solution, has been accused by blockchain investigator ZachXBT of laundering funds linked to the Bybit hack. This comes as the platform reports impressive Q2 2025 performance, processing $1.5 billion in BTC across 40,571 atomic swaps and earning 40.11 BTC in fees. Despite being dubbed "the fastest Bitcoin bridge" by Dune Analytics with a 300% quarter-over-quarter growth, these allegations could cast a shadow over its remarkable achievements.

ZachXBT Accuses Garden Finance of Laundering Bybit Hack Funds Amidst Rapid Growth

Garden Finance, a rising star in bitcoin bridging solutions, reported staggering growth in Q2 2025—processing 24,984 BTC ($1.5B) across 40,571 atomic swaps while collecting 40.11 BTC in fees. Dune Analytics charts crown it "the fastest Bitcoin bridge" after metrics surged 300% quarter-over-quarter.

Blockchain investigator ZachXBT dropped a bombshell allegation mid-celebration, claiming the platform laundered proceeds from the $1.4B Bybit hack. The accusation followed founder Jaz Gulati's June 7 tweet flaunting record weekly fees—timing that raised eyebrows across crypto intelligence circles.

Byreal Launches on Solana with Bybit Support to Enhance Real Asset Liquidity

Byreal, an on-chain liquidity layer for real assets, has officially launched on the solana blockchain with strategic backing from derivatives exchange Bybit. The platform aims to democratize access to decentralized finance by addressing systemic issues such as short-term project lifespans and accountability gaps.

The initiative focuses on three core pillars: curating high-quality projects, optimizing trader experience with CEX-level execution tools, and providing deep liquidity through Solana's high-speed infrastructure. Lily Liu of the Solana Foundation endorsed the alignment with Solana's vision for composable, efficient DeFi infrastructure.