Lido DAO Initiates Emergency Vote to Replace Chorus One Oracle Node After 1.4 ETH Theft in 5-of-9 Multisig System
By: defi news|2025/05/12 19:30:09
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Lido Finance, a leading decentralized finance protocol managing over $23 billion in staked assets, announced an emergency vote by its DAO to replace a compromised oracle node linked to Chorus One. The incident involved the suspected leak of a private key from one wallet in Lido's multisignature oracle system, which operates on a 5-of-9 quorum. Despite the breach, the protocol remains secure, and stakers are unaffected. The attacker managed to steal only 1.4 ETH, a negligible amount compared to the total value locked (TVL) exceeding $20 billion. Lido emphasized the robustness of its oracle system and the successful response by its developers to mitigate risks promptly.This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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