Gnosis Co-Founder Says Losses From Exploit Are Being Contained, Seeks Halt to Bridge Activity
Summary
- A Gnosis co-founder said the security incident was linked to a Zodiac Delay Module vulnerability.
- The Gnosis team said it had asked bridge validators to halt related bridging activity to prevent losses from spreading.
- PeckShield previously said an exploit tied to Gnosis Pay was underway and urged users to withdraw EURe and GNO funds.
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Gnosis co-founder Martin Köppelmann said the security incident involving Gnosis Pay was linked to a vulnerability in the Zodiac Delay Module. To prevent further losses, the Gnosis team has asked bridge validators to halt related bridging activity.
BlockBeats reported on June 1 that Köppelmann tied the incident to the Zodiac Delay Module vulnerability. The attacker was able to execute transactions from Safe wallets configured with the delay module.
The team is taking multiple emergency measures to contain losses. Those steps include asking cross-chain bridge validators to temporarily suspend related bridging operations.
Gnosis is still assessing the scope of the impact and the size of the losses. Earlier, blockchain security firm PeckShield said an exploit targeting a Gnosis Pay-related vulnerability was underway and urged users to withdraw funds including EURe and GNO.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
