Security Incident · ETH Ecosystem
WUSD.fi / GLOVE Sybil Attack: $200.00K Reported Loss
WUSD.fi / GLOVE on Ethereum suffered an incentive abuse exploit.
- Reported loss
- $ 200,000
- Attack category
- Sybil Attack
Incident Overview
The attacker exploited the lack of Sybil resistance in the WUSD._englove reward path. By using EIP-7702 helper contracts and a Morpho USDT flash loan to repeatedly wrap/unwrap at least 100 WUSD (with fresh addresses holding <2 GLOVE), they harvested nearly 2 GLOVE per cycle, dumped the GLOVE into Uniswap V3 pools, and drained ~$200K in USDC/USDT from the liquidity pools.
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.