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The Polylog Crypto Intelligence Brief

Morning Edition · Tuesday, June 23, 2026

Security Roundup: Reproductions of the SquidRouterModule Drain Headline a Run of DeFi Incidents

An access-control flaw in a third-party Safe module, a forced-swap drain and an overnight vault redemption scare illustrate the recurring attack surface in decentralized finance.

Security Roundup: Reproductions of the SquidRouterModule Drain Headline a Run of DeFi Incidents

Security researchers at DeFiHackLabs published reproductions of several recent exploits, led by the SquidRouterModule incident from May. The attacker abused the module's Axelar express entry point, which accepted attacker-supplied payload d…

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Bridge and Mint Exploits Sustain Heavy DeFi Losses

Over 3-6 months, recurring bridge proof-validation and unauthorized-mint exploits keep monthly DeFi losses elevated, including drains of deprecated contracts.