PANews, May 25: Blockaid earlier reported that a third-party Gnosis Safe module was exploited on Base and Ethereum, resulting in approximately $3.2 million in losses affecting 86 Gnosis Safes that had added this contract as a trusted Safe Module. The contract, known as “SquidRouterModule” on Basescan, is not developed, deployed, or operated by Squid; it is a third-party smart wallet product that integrates protocols including Squid. Squid emphasized that its core protocols and contracts—including the routing contract 0xce16F6…D666—are architecturally distinct and were not compromised; Squid user funds, authorizations, and integrations remain unaffected.
Squid Clarifies No Impact from Gnosis Safe Vulnerability Incident
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Summary
Squid has confirmed it was not affected by recent smart contract vulnerabilities in a third-party Gnosis Safe module. The incident, which impacted 86 Gnosis Safes on Base and Ethereum, resulted in a $3.2 million loss. The contract in question, 'SquidRouterModule' on Basescan, is unrelated to Squid’s core protocol. Squid emphasized that its contracts, including 0xce16F6…D666, have a different architecture and remain secure. User funds and authorizations are unaffected, and the company reaffirmed its commitment to contract security.
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