Silo Labs: Security Issue Detected, Automated Leverage Smart Contract Now Suspended

Odaily Planet Daily reported that the Sonic ecosystem project Silo Labs posted on X, stating that it has become aware of a security issue. Silo’s core smart contracts (including the market and treasury) are not affected; the impact is limited to the auto-leverage smart contract, which has now been suspended and was only used for testing purposes. The UI router has also been temporarily suspended and will be restored soon.
Earlier, PeckShieldAlert monitored that Silo Labs was attacked, resulting in a loss of approximately $545,000.