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Wu said that according to @yieldsandmore monitoring, the soUSDC vault on Silo Finance on Arbitrum appears to have been attacked, with approximately 392k USDC forcibly allocated to the wstUSR/USDC market, resulting in bad debt. On-chain data shows that the actual trading price of wstUSR at that time was about 0.12 USDC, while the related market oracle quoted 1.1329 USDC, a nearly 10x price difference. The attacker used flash loan cycles, forcibly donated positions to the vault, and exploited the overestimated collateral value to borrow USDC.