Web3 Platforms Face Security Exploits and Regulatory Blocks
Web3 Platforms Face Security Exploits and Regulatory Blocks
The web3 ecosystem is currently navigating significant challenges, including security vulnerabilities and heightened regulatory oversight. The Squid protocol clarified that its core operations remained unaffected by a $3.2 million exploit targeting a third-party module, SquidRouterModule. Concurrently, Indonesia's regulators have blocked the prediction market platform Polymarket, citing concerns over online gambling, signaling a broader global increase in scrutiny of such decentralized platforms.
‘We don’t know who deployed this’: Squid distances itself from $3.2 million third-party module exploit
Squid said its core protocol was unaffected after a third-party module named SquidRouterModule was exploited for roughly $3.2 million.
Indonesia blocks Polymarket amid crackdown on online betting
Indonesia blocked Polymarket over online gambling concerns as regulators widen global scrutiny of prediction market platforms.