Mid project finishing basement: should I rip out new framing?
Your concerns are valid.

If condensate does form, you will also likely have to deal with mold. I would definitely rip it out and add high density foam. Not sure why glue was used, but am guessing that it'd be a lot easier to use Power loads to nail the framing after the insulation is installed.

I treated my basement framing with anti-fungal/anti-mold treatment as an additional precaution.