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$3M stolen from 86 Gnosis Safe wallets via third-party SquidRouterModule exploit, core Squid contracts unaffected

Market News
25 May 2026
Crypto news
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Bearish
pluang ai news

An exploit targeting a third-party Gnosis Safe module called SquidRouterModule led to the theft of about $3 to $3.2 million from 86 wallets on Ethereum and Base networks within two hours. The vulnerability was due to a fixed string "message security" check that attackers reused to bypass authentication and execute unauthorized transactions. Squid clarified that its core cross-chain routing contracts were not involved and remain secure, as the compromised module was independently developed and branded by a third party. This incident highlights risks in peripheral modules integrated with wallets, emphasizing the need for stronger security in third-party components despite a protocol's own contract safety.

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Iran warns of crushing retaliation if US targets its infrastructure amid escalating strikes.

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