Lido DAO Initiates Emergency Vote to Replace Chorus One Oracle Node After 1.4 ETH Theft in 5-of-9 Multisig System

Lido Finance, a leading decentralized finance protocol managing over $23 billion in staked assets, announced an emergency vote by its DAO to replace a compromised oracle node linked to Chorus One. The incident involved the suspected leak of a private key from one wallet in Lido's multisignature oracle system, which operates on a 5-of-9 quorum. Despite the breach, the protocol remains secure, and stakers are unaffected. The attacker managed to steal only 1.4 ETH, a negligible amount compared to the total value locked (TVL) exceeding $20 billion. Lido emphasized the robustness of its oracle system and the successful response by its developers to mitigate risks promptly.

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