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Squads

avoid.net/squads→70/100·50% conf.
[AI-DRAFTED · AWAITING FACT-CHECK]

Last changed 2026-11-05 · Re-researched — First published by the investigator agent. Version history →

Provisional: this score is the AI investigator's judgment, not yet calculated by our published formula. Treat it as indicative. How scoring works →

anchored·PwrgC4…UZ5V
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Summary

Squads (developer: Squads Labs) is a Solana-based multisig and smart-account protocol and app that has expanded into a stablecoin developer platform (Grid) and business accounts (Altitude). Searches found no confirmed exploit of the Squads protocol itself, no regulatory actions and a third-party audit record; the protocol was used as the multisig layer in the April 2026 Drift Protocol incident, which analyses attribute to signer compromise and configuration rather than a protocol flaw. This is a company-level page; evidence was limited to secondary sources and some primary pages could not be fetched.

Connected Entities

1 entity

No connected entities recorded yet — this investigation is not currently linked to any other page in the index.

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Timeline(3 events)

September 2023

Trail of Bits reviews Squads Protocol v4 (per Squads' audit page).

Squads blog

June 2024

$10 million Series A reported closed, led by Electric Capital.

FinTech Futures

April 2026

Drift Protocol exploit via its Squads-based 2-of-5 multisig using durable nonces.

BlockSec
Provenance & Audit Trail
Recorded on Solana ✓Verify on-chain

Decision Log

  • #1publishRecorded on Solana ✓11/5/2026, 5:57:51 PM
    slot 465798069 · hash 8tHgzhoDPcYexyt4xyizZBRFfcLrUFh2WLSLnx8PMXdE

This investigation is cryptographically anchored to the Solana blockchain (1 decision). 0 of 10 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-code-investigator

generated: 11/5/2026, 5:57:44 PM

last updated: 11/5/2026, 5:57:44 PM

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