The decentralized autonomous organization of Lido (Dao), the entity regulating the Lido Liquid Staking protocol, initiated voting in an emergency vote to turn the handicapped Oracle-Most, which combines real data with blockchain systems.
According to For members of Lido Dao, the address belonging to the chorus of One Oracle was violated, and the balance of ether (ETH) associated with this oracle was emptied in an incident that was still examined.
Lido Finance emphasized that the problem is narrow to the chorus One Oracle and is not a system of the entire system. The team also said that the problem was not caused by the problem of coding in any specific oracle or software.
The chorus One added that the exploit was probably attributed to the leakage of the private portfolio private key, but also configurates the modern computer to ensure forward safety.
This incident emphasizes the need for solid cyber security means in decentralized finances (DEFs), because global cash, commercial and business systems are moving in more and more convoluted digital systems that have huge attacks.
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Cybersecurity remains a key problem for cryptography and DEFI
Hacks, the apply of cyber security and other malicious attack vectors remain a solemn problem for cryptocurrencies. As the digital finances develop, to cover more services, the attack methods become more sophisticated.
Hacken with cyber security has spent report Presenting damages caused by hacks, fraud and apply of cyber security in the first quarter of 2025 and it was found that over $ 2 billion in the cryptocuria was lost due to malicious activity.
The immense majority of stolen funds were assigned to the Bybit hook worth $ 1.4 billion in February 2025, which distorted the report’s findings.
According to a company dealing in cyber security, cryptographic hacks were responsible for the losses in April 2025, 357 million dollars, which is a significant enhance in the losses suffered in March.
CEO of Hacken, Dyma Budorin, said CointeLgraph on token2049 that the cryptographic industry must adopt more solid cyber security and code control to stop the wave of hacks and uses the harassment of the asset sector.
The threats of cybersecurity in cryptography have become so clear, especially from hacker groups associated with the democratic republic of North Korea (Kruk) that G7 countries can discuss the influence of hackers and the method of neutralizing these threats at the next G7 summit.
Warehouse: Crypto-Sec: Evolve Bank suffers from data violation, the Turbo Toad enthusiast loses USD 3.6,000
