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OffshoreWindOrder

2026-05-25 12:19:01

86 Safe wallets drained in two hours, the security model of cross-chain bridges needs a thorough re-evaluation.

SAFE-1.77%

View Original

WuSaidBlockchainW2026-05-25 11:54:13

According to Blockaid monitoring, the cross-chain routing protocol Squid's SquidRouterModule on Ethereum and Base networks is under ongoing attack, with approximately 86 Gnosis Safe wallets stolen within about 2 hours, resulting in losses of around $3 million; all stolen tokens have been exchanged for DAI through Uniswap V3 pools controlled by the attacker.

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