Blockaid: Ongoing attack on Squid protocol drains ~$3M from 86 Gnosis Safes

According to on-chain security firm Blockaid, the SquidRouterModule of cross-chain protocol Squid has been attacked on the Ethereum and Base networks, resulting in the theft of approximately $3 million in assets. The attack has been ongoing for about two hours and has affected a total of 86 Gnosis Safe wallets. The attacker reportedly swapped the stolen assets for DAI through a Uniswap V3 pool under their control. Blockaid stated that an investigation into the incident is currently underway.