A heated exchange has erupted between prominent blockchain sleuth ZachXBT and Jaz Gulati, founder of Garden Finance, over allegations linking the latter to funds from the Bybit hack and other illicit activities.
The controversy began with ZachXBT’s accusations, to which Gulati quickly responded by referencing a previous post from Q4 2024. In that post, Gulati claimed Garden Finance had received 30 BTC well before the Bybit hack took place, offering a screenshot as proof.
However, ZachXBT has doubled down on his claims, drawing parallels to other hacks allegedly connected to the Democratic People’s Republic of Korea (DPRK), specifically mentioning the WazirX incident which predated the Bybit hack.
ZachXBT further escalated his questioning of Garden Finance’s legitimacy, labeling it a “fake decentralized bridge.” Gulati swiftly dismissed this characterization as “misinformation,” asserting the “fake decentralized” label was unfounded.
In a more recent development, ZachXBT levied a fresh accusation, alleging that a single actor has been consistently “topping up cbBTC’s liquidity from Coinbase for Chinese launderers” as they moved stolen funds from the Bybit hack. Notably, Gulati, who had been quick to respond to previous allegations, has yet to address this specific and serious accusation. The crypto community awaits a response from the Garden Finance founder as these allegations continue to unfold.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/garden-finance-founder-denies-allegations-of-bybit-hack-involvement/