Wu says that according to BlockSec monitoring, the SynapLogic contract was hacked, resulting in a loss of approximately $186,000. The contract is used to distribute native token revenue shares proportionally but did not verify whether the total distribution exceeded the actual payment amount (msg.value). The attacker set a specific recipient address, causing the distributed native tokens to exceed the actual payment, allowing them to obtain newly minted SYP while also extracting additional native tokens for arbitrage.