The Decentralized Autonomous Organization (DAO) Lido, the entity that sees the Lido Liquid Stack protocol, has started an emergency vote to rotate a compromised oracle-a prayer bridge that connects real world data with blockchain systems.
According to the members of the Dao Lido, an address belonging to the One Oracle Choir was compromised, and the ether (Eth) equilibrium associated with that oracle was exhausted in an incident that was still investigated.
Lido Finance emphasized that the problem is restricted to Chorus One Oracle and is not throughout the system. The team also said that the problem was not due to a coding problem in an oracle or blockchain software in particular.
Chorus One added that the exploit was probably attributable to a private hot wallet key, but a leak, but is also configuring a new machine to ensure that safety progresses.
The incident highlights the need for solid cyber security measures in decentralized finances (DEFI) as the monetary, commercial and commercial systems of the world move in increasingly complex digital systems that have large attack surfaces.
Related: Mobius Token Smart Contracts in the exploited BNB chain, $ 2.1m drained
Cybersecurity remains a critical problem for Crypto and Defi
Hacks, cyber security feats and other malicious attack vectors remain an important problem for cryptography. As digital financing expands to cover more services, attack methods become more sophisticated.
The cybersecurity hacking firm published a report that describes the damage caused by hacks, scams and cyber security feats in the first quarter of 2025 and discovered that more than $ 2 billion in cryptography were lost due to malicious activity.
The vast majority of stolen funds were attributed to the Bybit trick of $ 1.4 billion in February 2025, which biased the reports of the report.
According to the cyber security firm, Crypto Hacks were responsible for $ 357 million in losses in April 2025, a significant increase in losses incurred in March.
The CEO of Hachen, Dyma Budorin, told Cointelegraph in Token2049 that the cryptographic industry needs to adopt more robust cyber audit and cybersecurity measures to express the tide of hacks and exploits that affect the asset sector.
Cybersecurity threats in cryptography have become so pronounced, particularly from piracy groups associated with the Democratic Popular Republic of North Korea (RPDC), that G7 countries could the impact of the G7 Sow computer pirates.
Magazine: Crypto-Sec: Evolve Bank suffers data violation, Turbo Toad enthusiast loses $ 3.6k
