Ripple News: Squid Raised $6 Million With Ripple Backing, Then Lost Half of It to a Hack Less Than 24 Hours Later
Ripple News: Squid Crypto closed a $6 million strategic funding spherical led by North Island Ventures with participation from Ripple on May 25, 2026, and inside lower than 24 hours, an attacker drained $3 million from the protocol. The exploit hit a third-party liquidity aggregation module built-in into Squid’s cross-chain swap infrastructure, not the audited…
