#binance $LDO

Lido Addresses Security Vulnerability ๐Ÿšจ๐Ÿ’ป

Lido Finance recently tackled a security issue involving a leaked private key belonging to Chorus One, an operator within its oracle infrastructure ๐Ÿ”’. Here's what happened [4]:

- *The Issue*: A private key leak was discovered, but don't worry, user funds are secure ๐Ÿ’ธ! Operations remain uninterrupted, and the issue is restricted to the Chorus One oracle ๐Ÿค–.

- *Response*: Lido DAO initiated an emergency vote to replace the affected oracle node ๐Ÿ—ณ๏ธ. Chorus One is setting up a new machine to run the oracle ๐Ÿ’ป.

- *Security Measures*: Lido's oracle system uses a 5-out-of-9 multisig mechanism ๐Ÿ”’, ensuring the failure or compromise of a single oracle node doesn't jeopardize the entire system ๐Ÿšซ.

Lido also disclosed a security vulnerability in its Dual Governance system's RageQuit mechanism ๐Ÿšจ, reported through Immunefi. Although user funds remain unaffected ๐Ÿ™Œ, Lido has implemented mitigation measures to prevent potential risks ๐Ÿ’ฏ.#binance