What happened
Glide Finance suffered a theft from its AMM shortly after opening liquidity deposits. The team attributed the vulnerability to a change in the contracts' fee structure and announced a reimbursement plan for affected users.
Technical root cause
Glide's official recovery announcement attributes the vulnerability to an AMM fee-structure update. It does not provide enough implementation detail to establish the exact faulty calculation.
How it happened
- A fee-structure update introduced exploitable behavior in the AMM contracts.
- The attacker drained funds after liquidity deposits opened.
- Glide announced direct reimbursement for smaller losses and GLIDE-BOND tokens with ongoing distributions for larger losses.
Protocol details
Classification
Exchange (DEX) / Input Validation
Protocol Type
DEX
Affected asset / contract
GLIDE
Implementation language
Solidity
Protocol links
Website
@GlideFinance
Security review history
- Paladin Security View report
Evidence
- report @GlideFinance incident report twitter.com
- report Recovery and Re-launch medium.com
- analysis DeFiLlama defillama.com
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