$ETH Lido DAO Initiates Emergency Vote After Oracle Compromise Drains Funds


Lido DAO has launched an emergency vote to rotate a compromised oracle after an address belonging to Chorus One was hacked.


The exploit drained the $ETH balance associated with the oracle, though Lido Finance emphasized the issue is isolated to this specific oracle.


Chorus One attributed the incident to a likely hot wallet private key leak and is setting up new infrastructure.


The incident highlights ongoing #cybersecurity challenges in DeFi as financial systems move increasingly on-chain.


Hacken reports that over $2 billion in crypto was lost to malicious activity in Q1 2025, with April alone seeing $357 million in hack-related losses.

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May 12, 2025 at 12:12 AM
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