Silo Finance Loses $545K in Hack, Cork Exploiter Launders $11M

- Silo Finance reported a $545,000 loss due to an exploit in a test leverage feature. - The Cork Protocol May attacker resurfaced, laundering $11M in ETH and making a donation to Tornado Cash's legal fund. On June 25, 2025, Silo Finance, a decentralized crypto lending protocol, disclosed a $545,000 loss due to a smart contract exploit tied to its test leverage feature. Cryptopolitan reported on June 25 that the breach specifically affected funds belonging to the project's DAO, which had allocated these funds for testing purposes. Silo Finance confirmed its core smart contracts, encompassing markets and vaults where users store their assets, remained unaffected. In response, Silo Finance immediately paused the leveraged testing contract. The exploit prompted an over 11% drop in the price of Silo Finance's native token (SILO). Separately, the attacker behind the May Cork Protocol exploit resurfaced on the same day, moving approximately $11 million worth of Ethereum (4,520 ETH) through Tornado Cash. Tornado Cash, a cryptocurrency mixing service, currently faces scrutiny for facilitating the obfuscation of stolen funds. Notably, the attacker donated 10 ETH to Tornado Cash's legal defense fund. This transfer marks the first significant movement of funds linked to the Cork exploit since the original breach. According to CoinMarketCap on June 25, SILO was trading at $0.497 as of 12:00 UTC, a price reflecting an 11.2% decrease in its 24-hour trading volume.