The Protocol: Lido Avoids Major Hack

The Protocol: Lido Avoids Major Hack

Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. This is Margaux Nijkerk and Sam Kessler, CoinDesk’s Tech team.In this issue:Hacking Attempt on Lido Results in 1.4 Ether Lost From Oracle ProviderBitcoin DeFi Security Improves as Rootstock Boosts Hashrate ShareEthereum’s Next Upgrade ‘Fusaka’ Could Cut Layer-2 and Validator CostsTelegram Cracks Down on $8 billion Crypto Crime Mar…

Lido Mitigates Security Threat After Oracle Key Compromised

Lido, Ethereums leading liquid staking protocol, narrowly avoided a major security incident after one of its nine oracle keys was compromised. The breach involved validator operator Chorus One and resulted in the theft of only 1.46 ETH (around $4,200) in gas fees, with no user funds impacted. Lido currently secures over 25% of all staked ETH, positioning it as one of the most critical DeFi protocols in the Ethereum ecosystem. Its oracle system r…

Lido Private Key Attack, Oracle System Multisig Put To The Test!

The Lido liquid staking protocol has detected a security flaw affecting the oracle Chorus ONE. The incident led to the The post Lido private key attack, oracle system multisig put to the test! appeared first on Coinpri.