Slack can render Markdown links, where the URL is hidden behind the text of that link.
In this case the attacker tricks Slack AI into showing a user a link that says something like "click here to reauthenticate" - the URL attached to that link goes to the attacker's server, with a query string that includes private information that was visible to Slack AI as part of the context it has access to.
If the user falls for the trick and clicks the link, the data will be exfiltrated to the attacker's server logs.
Here's my attempt at explaining this attack: https://simonwillison.net/2024/Aug/20/data-exfiltration-from...