ChainCatcher report: According to Blockaid monitoring, the SquidRouterModule on the Ethereum and Base networks of the cross-chain routing protocol Squid is under sustained attack. Within approximately two hours of the attack, 86 Gnosis Safe wallets have been drained, resulting in losses of approximately $3 million. The attacker subsequently exchanged all stolen tokens through their controlled Uniswap V3 liquidity pool for DAI and consolidated them into a single address, which currently holds approximately $3.07 million in DAI.
Squid Cross-Chain Protocol Under Attack, $3M Stolen from 86 Gnosis Safe Wallets
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Summary
On-chain news reveals that the cross-chain protocol Squid is under attack on Ethereum and Base. Blockaid reported that 86 Gnosis Safe wallets were drained within two hours, totaling $3 million. The attackers swapped the stolen tokens for DAI via Uniswap V3 and transferred them to a single address. Squid has not yet announced a protocol update.
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