The post Lido DAO Initiates Emergency Proposal Amid Security Concerns Over Oracle Node Leak appeared on BitcoinEthereumNews.com.

On May 11th, Lido announced via their social channels that the Lido DAO has put forth an emergency proposal to replace its singular oracle node after concerns emerged regarding a potential leak of the Chorus One oracle private key. Fortunately, stakers remain unaffected, as the protocol continues its operations securely and without interruption. Lido employs a sophisticated multisig mechanism that requires a majority consensus—specifically 9 out of 5—signifying that the collapse of one oracle does not jeopardize the integrity of the system, with other nodes remaining safeguarded. Currently, the oracle ecosystem functions smoothly, with no evidence of software glitches or data discrepancies. Furthermore, a thorough review of the eight remaining oracle nodes has confirmed that they have not encountered any breaches. Importantly, there is no sign of a widespread assault on Chorus One itself, reassuring users of the platform’s stability. Source: https://en.coinotag.com/breakingnews/lido-dao-initiates-emergency-proposal-amid-security-concerns-over-oracle-node-leak/

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Filed under: News - @ May 11, 2025 12:26 pm