Lido staking protocol confirmed its security and operational status after a hacking incident in which approximately 1.5 ETH was stolen.
Overview of the Incident
The hacking led to the theft of about 1.5 ETH, prompting an emergency community vote to change the oracle address. Oracle operator Chorus One described the incident as an 'isolated event' and confirmed that all services remained operational.
Lido's Response
Izzy, head of validators at Lido, stated that despite the incident, the protocol's operations were unaffected due to the required 5-of-9 consensus. She noted that potential impacts on stETH users would be minimal, except for those using stETH in leveraged DeFi strategies.
General Situation in the Crypto Industry
Reports indicate that the crypto industry has faced numerous hacking incidents, resulting in losses exceeding $2 billion in 2024. This raises concerns about customer fund security and the need for stronger cybersecurity measures and code auditing, as noted by Hacken's CEO.
The Lido incident highlights the importance of cybersecurity in DeFi and the need for timely responses to vulnerabilities. The industry should focus on enhancing security measures to prevent future attacks.
