In response to a targeted cyberattack, the Lido Decentralized Autonomous Organization (DAO), which oversees the Lido liquid staking protocol, has launched an emergency vote to rotate one of its oracles—an essential bridge between real-world data and the blockchain.
The breach reportedly stems from a compromised address linked to Chorus One, one of the protocol’s oracle providers. The affected wallet, which held Ether (ETH) valued at approximately $2,568 per token, was completely drained in an incident that remains under active investigation.
Lido Finance has confirmed that the compromise is isolated to the Chorus One oracle and does not reflect a vulnerability within the protocol itself or its broader infrastructure. The team further emphasized that the root cause was not a flaw in the oracle software but is believed to be due to a private key leak involving a hot wallet, according to a statement from Chorus One. The validator operator is now setting up a new, secure machine to prevent recurrence.
This incident throws a spotlight on the escalating importance of cybersecurity in decentralized finance (DeFi). As more of the global financial system transitions onchain, the complexity and scale of digital ecosystems grow—making them increasingly attractive targets for hackers.
A recent report from cybersecurity firm Hacken paints a grim picture: over $2 billion in crypto assets were lost to hacks, scams, and exploits in Q1 2025 alone. Notably, the $1.4 billion Bybit hack in February skewed the quarterly figures. In April alone, crypto-related hacks accounted for $357 million in losses—an alarming jump from the previous month.
The growing threat landscape has even caught the attention of world leaders. With state-linked actors—especially hacker groups tied to North Korea’s regime—suspected of orchestrating several high-profile breaches, the G7 nations are expected to address the systemic risks posed by such cyber threats at their upcoming summit.
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