Lido confirms no user funds lost after oracle key breach

Lido Swiftly Secures Its Network After Critical Oracle Breac

Lido quickly managed a significant security incident involving a compromised oracle key. No user assets were affected, keeping the system's overall security intact. Continue Reading:Lido Swiftly Secures Its Network After Critical Oracle Breach The post Lido Swiftly Secures Its Network After Critic...

Lido oracle key compromise — was $23B really at risk?

Lido oracle key compromise — was $23B really at risk? Eyebrows were raised across the crypto community yesterday following Lido’s announcement of a compromised oracle key and the emergency vote to replace it. While some commentators called the incident “alarming,” especially given recent, high-profile hacks, others stressed that fears were overblown. Lido’s message reassured users that it “remains secure and fully operational” whilst underlining…

Lido Responds to Security Breach Involving Oracle Wallet - Crypto Economy

TL;DR Minor breach, major swift response: A small security incident drained 1.46 ETH from an Oracle hot wallet used solely for signing reports, but user funds remained completely safe. Decisive governance action: Lido promptly initiated an emergency DAO vote to replace the compromised oracle key, offering a 72-hour voting period plus an additional 48-hour window. Strengthening defenses: The breach highlighted the robustness of Lido’s oracle sys…

Lido confirms no user funds lost after oracle key breach

Although the Lido oracle incident sparked market caution over LDO token, it held on $1 at the time of writing.

This weekend, the leading staking protocol on Ethereum (ETH) has undergone a small hack. While the users' funds have not been affected, what exactly happened? Lido Hack article — What happened on the largest Ethereum staking operator (ETH)? appeared first on Cryptoast.

Lido Avoids Major Breach After Oracle Key Compromised in Chorus One Incident

Ethereums leading liquid staking protocol, Lido, narrowly averted a significant security threat after one of its nine oracle keys was compromised. The breach, traced back to validator operator Chorus One, resulted in a minor loss of 1.46 ETH (approximately $4,200) in gas fees. Importantly, no user funds or critical protocol operations were affected. Lido currently secures over 25% of all staked ether (ETH), making its infrastructure vital to the…