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May 12, 2025

Lido Takes Action to Address Minor Security Breach Effectively and Swiftly

Lido has issued a response to a recent security incident that drained 1.46 ETH from an Oracle hot wallet designated solely for signing reports. Fortunately, the company assured that user funds remain entirely safe. In a decisive governance move, Lido quickly initiated an emergency DAO vote to replace the compromised oracle key. This proactive approach includes a 72-hour voting period followed by an additional 48-hour window, emphasizing Lido’s commitment to maintaining the security and integrity of its ecosystem.

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