$3M Drained from 86 Gnosis Safes in SquidRouterModule Exploit
first published 2026-05-25T11:35:22Z
Blockaid said the SquidRouterModule on Ethereum and Base was actively exploited, draining 86 Gnosis Safes of about $3 million in roughly two hours. The stolen assets were reportedly swapped into DAI through attacker-controlled Uniswap V3 pools and then consolidated, adding to a broader wave of May DeFi exploits.
AI Analysis
The summary reports an active exploit, multiple drained Safes, and about $3 million stolen in a short period, which is materially negative and likely to affect near-term DeFi sentiment.
Expected Investor Sentiment: Bearish
Potential Market Impact: Significant
Source Articles
- Blockaid flags $3M SquidRouterModule exploit across 86 Safes - Crypto News
- WUSD Exploit Drains Nearly $20K From GLO Liquidity Pools - Coinpedia
- Squid rushes to separate brand from $3 million Gnosis Safe module exploit - Crypto News
- No, Ripple-Backed Ethereum DeFi Protocol Squid Router Isn't Drained for $3 Million - U.Today
- Squid and Safe Labs say third-party module behind $3.2M exploit - Cointelegraph
- $3M Drained from 86 Gnosis Safes in SquidRouterModule Exploit - Coinpedia
