Gnosis co-founder Martin Koppelmann said all user losses will be covered as containment efforts continue following an exploit.
Users are being urged to withdraw their assets right away due to a serious security incident that has occurred within the Gnosis ecosystem.
Gnosis Pay users were urged to withdraw EURe and GNO after a Zodiac delay module bug let an attacker initiate Safe transactions.
Squid distanced itself from a $3.2 million exploit tied to a third-party Gnosis Safe module that shared the “SquidRouterModule” name.
The exploit underscores the persistent vulnerabilities in DeFi's modular systems, highlighting the urgent need for comprehensive security audits. $3.2M drained from Gnosis Safe wallets through SquidRouterModule exploit.
A malicious Gnosis Safe module identified as “SquidRouterModule” drained approximately $3.2 million from 86 wallets on Ethereum and Base. The exploit ran for two hours; funds were converted into ~3.07 million DAI and sent to a single wallet controlled by the attacker.
$3.2M drained from 86 Gnosis Safes on Base and Ethereum in under 2 hours via a vulnerable third-party SquidRouterModule contract.
Squid has moved quickly to stress that a recent $3 million exploit targeted a third party Gnosis Safe module called SquidRouterModule, not its core cross chain routing contracts, after 86 wallets on Ethereum and Base were drained in under two
Sorted Wallet has successfully closed a $4.4 million seed funding round with leadership from Tether and Gnosis, marking a significant step toward mobile-centric cryptocurrency adoption. The platform specifically addresses the needs of users in developing economies who depend on basic mobile devices.
Tether and Gnosis have participated in a $4.4 million seed round for Sorted Wallet as the crypto firms continue expanding stablecoin payment infrastructure across emerging markets. According to an announcement shared by Sorted Wallet, the round included $3.
Sorted Wallet has raised $4.4 million in a seed round led by Tether and Gnosis, marking an early-stage investment into the crypto wallet space by two of the industry's most established infrastructure players.
Activist investors want to crack open Gnosis DAO's treasury. They've tabled a proposal that would let GNO holders who vote yes walk away with a slice of $220 million in DAO assets.