Cointelegraph·
A third-party module drained about $3 million from Safe wallets, with Squid attributing the incident to an external Safe module, saying its core systems were unaffected.
Read full articleSquid 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…
A practical overview of Safe, the token tied to the Safe multisig platform: what it does, token utility, ecosystem role, and risks to consider. The post Safe Token Explained: What Safe Is and How It Works appeared first on BiteMyCoin.
The post Ripple backs Squid’s $6M cross-chain round appeared on BitcoinEthereumNews.com. Ripple joined a $6M funding round for cross-chain infrastructure platform Squid. Summary North Island Ventures led the $6M strategic round, with Ripple, Dialectic, and Borderless also participating. Squid has routed over $6 billion in volume through more than 4 million transactions since its January 2023 launch. The new funding brings Squid’s total raised to $13.5 million and will fund consumer-facing product expansion. Cross-chain platform Squid raised $6 million in strategic funding to build new consumer-facing products that simplify how users move assets across blockchains. North Island Ventures led the round, with Ripple, Dialectic, Borderless, Scenius Capital, Altos, and Arche Capital also participating. Angel investors including Axelar co-founder Georgios Vlachos, Enso Finance founder Connor Howe, and Constructive founder Dan Lynch joined as well. Squid’s pseudonymous co-founder Fig declined
Squid's funding boost and strategic partnerships could enhance cross-chain interoperability, but security risks remain a critical concern. The post Ripple, North Island Ventures back $6M funding round for cross-chain router Squid appeared first on Crypto Briefing.
Ripple joined a $6M funding round for cross-chain infrastructure platform Squid. Cross-chain platform Squid raised $6 million in strategic funding to build new consumer-facing products that simplify how users move assets across blockchains. North Island Ventures led the round, with…
Ripple backs Squids $6M round as the cross chain platform expands consumer products after routing over $6B in volume. The post Ripple backs Squid’s $6M round to expand cross-chain consumer platform appeared first on Crypto Briefing.
