VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
Root cause
Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.
Forensic narrative
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. 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. Attack method (per SlowMist): Contract Vulnerability. Reported loss: $300,000.
Sourced from
slowmist
Technical record
- chain
- —
- protocol
- Glide Finance
- bug_class
- logic
- date_occurred
- 2021-10-18
- loss_usd
- $300,000
- source_id
- sm:glide-finance::2021-10-18
Related — same bug class· logic