Lido DAO Confirms Security Breach Following Chorus One Oracle Compromise

Lido DAO has confirmed a security breach following a compromised oracle by Chorus One, leading to the loss of 1.5 ETH. Despite the incident, the protocol’s stability and multi-signature defenses remain intact. A collaborative response from Chorus One and Lido involved an emergency governance measure – rotating the compromised node. This minimized further risks and mitigated potential disruptions. The event underscores the importance of vigilant security practices within the rapidly evolving DeFi sector. Experts, like 0xngmi, Founder of DefiLlama, suggest employing multi-signature wallets as a canary system to detect such vulnerabilities.