Hackers Drain $3 Million From 86 Gnosis Safes in SquidRouterModule Exploit
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Hackers exploited a vulnerable third‑party SquidRouterModule to drain about $3 million from 86 Gnosis Safes across Ethereum and Base in roughly two hours, then swapped the stolen tokens to DAI via attacker‑controlled Uniswap V3 pools. Blockaid reports only wallets that had previously approved the module were affected and Squid’s main router contracts and user funds were not compromised, underscoring crypto and DeFi security risks around third‑party module approvals and DEX swap flows.
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- Hackers stole approximately $3 million from 86 Gnosis Safes on SquidRouterModule.
- Only wallets that previously approved a vulnerable third-party module were targeted.
- Squid’s main router contracts and user funds were never affected by the exploit.
According to reports from Blockaid, hackers have exploited a vulnerable third-party SquidRouterModule linked to the Squid ecosystem.
In its latest post on X, the enterprise-grade Web3 security platform stated that the attackers drained approximately $3 million in about two hours from 86 Gnosis Safes before swapping the tokens to DAI via Uniswap V3 pools that they control.
— Blockaid (@blockai…
Blockaid detected an ongoing exploit targeting the SquidRouterModule on Ethereum and Base.
86 Gnosis Safes drained for ~$3M in ~2 hours.
All stolen tokens swapped to DAI via attacker-controlled Uniswap V3 pools.
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