Security Incident · Exchange
Glide Finance Contract Vulnerability: $300.00K Reported Loss
Glide Finance, a DeFi protocol built on the Elastos ecosystem, tweeted that a contract loophole was exploited to siphon money out of the matching contract for a loss of approximately $300,000 because the team changed the fee parameters after an audit but did not update the number on the contract from 1,000 to 10,000.
- Reported loss
- $300,000
- Attack category
- Contract Vulnerability
Incident Overview
The team is now contacting the exchange to block the transfer of funds and reminding users who have money in Glide's liquidity pool to withdraw funds.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.