🚨 Lido DAO Takes Emergency Action After Oracle Hack

Lido DAO has launched an emergency vote to replace a compromised Chorus One oracle after attackers drained its ETH balance. The breach appears limited to Chorus One's system, with no wider protocol impact.

Chorus One suspects a private key leak in their hot wallet caused the exploit. Meanwhile, Hacken's latest report reveals over $2 billion lost to crypto hacks in Q1 2025, including $357M in April alone.

The incident highlights persistent security risks in DeFi as protocols handle billions in user funds.

#DeFi #CryptoSecurity

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