Security Alarm: PeckShield and Co-Founder Sound Simultaneous Warnings
On June 1, 2026, renowned blockchain security company PeckShield issued an urgent alert through its official monitoring network, stating that Gnosis's payment protocol Gnosis Pay is suffering an active security attack. While PeckShield emphasized the high severity of the alert, it did not disclose the specific attack vector or the potential scale of assets at risk. Nonetheless, the warning alone was enough to put the entire Gnosis community on high alert.
Almost simultaneously, Gnosis co-founder Martin Köppelmann took to social platform X with a strong call, explicitly urging all holders of GNO and EURe to "withdraw your assets" to forestall potential losses. The unusual public statement immediately sparked intense discussion across the crypto community, with users speculating about the severity of the attack. The near-simultaneous warnings from PeckShield and the project's co-founder suggested that the breach might have been close to full exposure, and the decision to publicly alert users underscored the urgency of the situation.
Gnosis Pay is a critical infrastructure within the Gnosis ecosystem, enabling rapid conversion between on-chain assets and traditional euro payments. GNO, as the governance token, derives its value in large part from platform security; EURe, the euro-pegged stablecoin, serves as the core unit of account in Gnosis Pay's payment flows. Therefore, any attack on Gnosis Pay amounts to a direct strike on the core value chain of Gnosis.
Market Sentiment and Next Steps
Market analysts quickly assessed the potential fallout: once an actual loss of funds or a significant contract vulnerability is confirmed, GNO and EURe are almost certain to face concentrated selling pressure in the short term. Panic-driven withdrawals could not only crash token prices but also risk depegging EURe, thereby destabilizing the entire Gnosis ecosystem. Because Gnosis Pay interacts deeply with several DeFi protocols on the Gnosis chain, the impact could ripple outward in a chain reaction.
As of this writing, the Gnosis official team has yet to release any details about the attack. Whether funds have been stolen, the exact amount affected, and the technical methods used remain unknown, and the situation continues to evolve. This information vacuum amplifies market uncertainty, as investors struggle to gauge risk without clear loss figures, leading to widespread speculation within the community. However, no losses have been confirmed by officials, nor has the possibility of a false alarm been ruled out, so the market remains on edge while awaiting authoritative information.
Given these circumstances, all holders of GNO, EURe, or users of Gnosis Pay services should maintain the highest level of vigilance, closely monitor official Gnosis announcement channels, and promptly reassess and adjust risk exposure as new information emerges. Measures such as asset transfers or pausing the use of Gnosis Pay may be effective near-term steps to protect funds. Investors may also want to follow subsequent technical analyses from third-party security firms like PeckShield for more timely risk assessments.