Lido Says Funds Safe After Oracle Incident Triggers Emergency Response

via-https://cryptonews.com/news/lido-funds-safe-after-oracle-incident-triggers-emergency-vote/

Ethereum staking protocol Lido moved over the weekend to neutralize a threat after one of its oracle keys, managed by validator operator Chorus One, was compromised.

Although 1.46 ETH ($3,675) was drained from a hot wallet used for oracle voting, Lido confirmed that the protocol remains secure and fully operational.

The breach came to light on May 10 when a contributor noticed a low balance alert on the affected wallet.

Further checks revealed the key had been accessed by an unauthorized party, prompting immediate coordination between Lido contributors and Chorus One to contain the situation.

The compromised wallet, created in 2021, was used to sign oracle reports but was not protected under the same strict standards as other infrastructure, Chorus One later clarified.