Gnosis Pay exploit hits delay module as team pledges refunds

Gnosis Pay faces an active exploit in its delay module as co‑founder Martin Köppelmann walks back a warning urging users to withdraw funds and vows to repay those affected.

Update (June 2 at 10:30 am UTC): This article has been updated to include a statement from a spokesperson at Gnosis.

Gnosis is working to contain an exploit Monday affecting its Gnosis Pay product after co-founder Martin Köppelmann acknowledged an active hack involving the system’s delay module and said the project would cover user losses.

Köppelmann initially urged users to withdraw funds, a warning quickly amplified by blockchain security firm PeckShield, which said users were strongly advised to withdraw all funds (EURe and GNO) and check exposure.

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