โ ๏ธ Squid Cross-Chain Protocol Hacked: Losses Exceed $3 Million
๐
May 25th Blockaid Monitoring
๐ฅ Attack Details:
โข Target: SquidRouterModule (Ethereum & Base)
โข Duration: Within 2 hours
โข Affected Wallets: 86 Gnosis Safe
โข Total Loss: ~ $3 Million
โข Stolen Funds Destination: Converted to DAI via Uniswap V3
๐ Project Background:
โข Recently completed $6 Million funding
โข Incident is still unfolding
๐ก Impact Analysis:
โข Cross-chain protocol vulnerabilities causing panic
โข Decreased trust in the Base ecosystem and cross-chain security
โข Related projects may face sell pressure in the short term
๐ก๏ธ Security Recommendations:
โข Avoid affected cross-chain protocols
โข Pay attention to security audit projects
โข Demand for decentralized insurance projects may rise
โ ๏ธ Note:
โข The situation is still developing, stay tuned for official updates
โข Gnosis Safe users should check wallet security
#Squid #ๅฎๅ
จไบไปถ #่ทจ้พๅ่ฎฎ #Base #DeFiSecurity