Lido DAO initiates emergency vote to swap compromised oracle
The Lido DAO has initiated an emergency vote to replace a compromised oracle, specifically the Chorus One oracle, after its Ether balance was drained. The incident is under investigation, and Lido Finance confirmed that the issue is isolated to the Chorus One oracle, not indicative of a broader system failure. Chorus One attributed the exploit to a potential hot wallet private key leak and is implementing new security measures. The event underscores the importance of cybersecurity in decentralized finance (DeFi) as digital finance systems become more complex and vulnerable. A report by Hacken revealed over $2 billion in crypto losses due to hacks and scams in Q1 2025, with a significant portion linked to a $1.4 billion hack of Bybit. Cybersecurity threats, particularly from North Korean hacking groups, are prompting discussions among G7 countries on mitigation strategies.
