ā ļø Squid Cross-Chain Protocol Hacked: Losses Exceed $3 Million
š
May 25th Blockaid Monitoring
š„ Attack Details:
⢠Target: SquidRouterModule (Ethereum & Base)
⢠Duration: Within 2 hours
⢠Affected Wallets: 86 Gnosis Safe
⢠Total Loss: ~ $3 Million
⢠Stolen Funds Destination: Converted to DAI via Uniswap V3
š Project Background:
⢠Recently completed $6 Million funding
⢠Incident is still unfolding
š” Impact Analysis:
⢠Cross-chain protocol vulnerabilities causing panic
⢠Decreased trust in the Base ecosystem and cross-chain security
⢠Related projects may face sell pressure in the short term
š”ļø Security Recommendations:
⢠Avoid affected cross-chain protocols
⢠Pay attention to security audit projects
⢠Demand for decentralized insurance projects may rise
ā ļø Note:
⢠The situation is still developing, stay tuned for official updates
⢠Gnosis Safe users should check wallet security
#Squid #å®å
Øäŗä»¶ #č·Øé¾åč®® #Base #DeFiSecurity