Squid Declares It Was Not Affected by $3.2 Million Smart Contract Hack.
— BeInCrypto TR
Squid announced it avoided a $3.2 million imitation smart contract hack.
Squid announced it quickly distanced itself from a $3.2 million attack and clarified that the affected smart contract did not belong to them.
- The attack affected 86 Gnosis Safe accounts within approximately 2 hours, with the attacker swapping stolen tokens for Dai through Uniswap V3 pools.
- Squid emphasized that the contract impacted by the attack was named 'SquidRouterModule' and was not part of their protocols.
- It was revealed that the attack occurred due to faulty contract code added to the Gnosis Safe module, and existing user balances are secure.
The attack occurred through a third-party module, highlighting the risks posed by faulty smart contracts that threaten user security.