Silo Labs Addresses Security Concerns Following Attack

According to Odaily, Silo Labs, a project within the Sonic ecosystem, has acknowledged a security issue on the X platform. The core smart contracts of Silo, including those related to the market and treasury, remain unaffected. The impact is limited to the automated leverage smart contract, which has now been suspended. This feature was only being used for testing purposes. Additionally, the UI router has been temporarily paused and will be restored soon. Previously, it was reported by PeckShieldAlert that Silo Labs suffered an attack resulting in a loss of approximately $545,000.