‘We don’t know who deployed this’: Squid distances itself from $3.2 million third-party module exploit

Key takeaways

• 1SquidRouterModule, a third-party module, was exploited for approximately $3.2 million.
• 2Squid's core protocol remained unaffected by the third-party module exploit.
• 3Squid stated it does not know who deployed the vulnerable module.

Why it matters

This highlights risks of integrating third-party modules in DeFi protocols and demonstrates how vulnerabilities can cause significant losses even when core infrastructure remains secure, relevant for Indian investors evaluating cross-chain bridge and routing platform safety.