Digital Asset
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Security Incident · ETH Ecosystem

WUSD.fi / GLOVE Sybil Attack: $200.00K Reported Loss

·Historical incident record

Incident Overview

WUSD.fi / GLOVE on Ethereum suffered an incentive abuse exploit. 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

Original incident referencehttps://x.com/exvulsec/status/2058803971947385330 (opens in a new tab)

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.

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