The post Lido DAO Responds to Chorus One Key Leak – Coincu appeared on BitcoinEthereumNews.com.

Key Points: Lido DAO addressed a key leak from Chorus One by replacing the oracle node. The protocol operates normally despite the compromised key. Stakeholders show confidence in Lido’s multisignature security system. Lido DAO initiated an emergency proposal on May 11, 2025, to replace a Chorus One-operated oracle node due to a suspected key leak. The swift response underscores Lido’s security resilience, cementing its stakeholder trust in using a multisignature system that precludes systemic risk. Lido Resolves Security Challenge with Rapid Action Lido DAO recently initiated an emergency proposal to replace a single oracle node managed by Chorus One, driven by concerns regarding a potential private key leak. Lido employs a 9-of-5 multisignature system to safeguard the protocol’s operations, ensuring stability and security despite the compromised node. This incident reinforced the integrity of Lido’s security measures, as the protocol continues to function without observable data anomalies. The unaffected multisignature nodes enable swift, effective resolution of the isolated issue while maintaining normal protocol operations. Market reactions have been somewhat muted, as stakeholders express confidence in the protocol’s robust security mechanism. Lido’s handling of the situation was praised for prompt resolution, with no reported disruption to stakers or the overall system integrity. Ethereum’s Market Surges Amid Lido’s Response Confidence Did you know? Lido’s use of a 9-out-of-5 multisignature system not only prevents single-point failures but also serves as a critical safeguard, enhancing confidence among Ethereum stakeholders amidst such security challenges. Ethereum (ETH) is currently trading at $2,521.10, with a market cap of $304.37 billion, according to CoinMarketCap. It dominates 9.09% of the market, seeing a 4.96% rise in the last 24 hours. Meanwhile, its 7-day increase is 37.66%. Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 12:19 UTC on May 11, 2025. Source: CoinMarketCap The Coincu research team highlights that Lido’s quick response…

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Filed under: News - @ May 11, 2025 12:23 pm