Data from Dune Analytics shows that Garden Finance has shown significant growth in trading volume in the first half of 2025; however, the platform is facing serious allegations of money laundering.
Garden Finance Performance in 2025
According to Dune Analytics, Garden Finance has facilitated a total BTC volume of 24,984 BTC, translating to over $1.5 billion in 40,571 atomic swaps. The platform has also accumulated 40.11 BTC in fees, with the largest single swap reaching 10 BTC.
ZachXBT's Allegations Against Garden Finance
Allegations against Garden Finance were made by ZachXBT, who claims that over 80% of the platform's recent fees may be linked to money laundering, including funds from cyber crimes. He also accused the platform of collaborating with Chinese launderers connected to the Lazarus Group.
Garden Finance Founder's Response to Allegations
Garden Finance's founder, Jaz Gulati, responded to the allegations, stating that the platform received 30 BTC well before the Bybit hack occurred, and he shared a screenshot to support his claim. He dismissed the money laundering allegations as misinformation. Meanwhile, ZachXBT continued to assert his accusations, pointing to other incidents related to DPRK.
While Garden Finance showcases impressive trading results, the money laundering allegations raised by ZachXBT call into question the platform's legitimacy and operations. This situation may warrant further investigation.
