Security Incident · ETH Ecosystem
Silo Labs Contract Vulnerability: $542.00K Reported Loss
According to Silo Labs' postmortem report, an unreleased leverage feature smart contract deployed on Ethereum mainnet and Sonic was exploited during its testing phase.
- Reported loss
- $ 542,000
- Attack category
- Contract Vulnerability
Incident Overview
The affected contract was separate from Silo’s core infrastructure. The attacker manipulated the _swapArgs parameter within the contract to execute unauthorized borrowing, leveraging user approvals granted during testing. The exploit resulted in a loss of 224 ETH, which belonged to SiloDAO. No user funds were at risk, as the feature had not yet been made public.
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.