SynapLogic's smart contract has been exploited, resulting in a loss of approximately $186,000, according to monitoring by BlockSec. The contract, designed to proportionally distribute native token revenue shares, failed to verify if the total distribution exceeded the actual payment amount (msg.value). The attacker manipulated the contract by setting a specific recipient address, allowing the distribution of more native tokens than the payment covered. This enabled the attacker to mint new SYP tokens and extract additional native tokens for arbitrage.