Lido Finance Initiates Emergency Vote After Chorus One Oracle Node Leak, 1.4 ETH Stolen from $23 Billion Protocol

Lido Finance has announced a suspected private key leak involving its oracle node operated by Chorus One. In response, the Lido DAO will initiate an emergency vote to replace the affected oracle node. Despite the exposure, the protocol remains secure and stakers are unaffected. The incident involved hackers gaining access to one of the addresses of the Lido oracle multisig, but only draining a small amount of 1.4 ETH, raising questions about the hackers’ intentions given the protocol’s $23 billion value. Lido’s oracle system operates with a 9-of-5 multisig setup, and the leak was detected after a developer received a low balance alert. The situation is under investigation, and the DAO is taking immediate steps to mitigate any potential risks. 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

Source: The Defiant