From Cointelegraph

May 11, 2025 1:06 pm:

The Lido DAO has initiated an emergency vote to rotate a compromised oracle connecting real-world data to blockchain systems after the Chorus One oracle was compromised, with the ETH balance drained. This incident underscores the need for robust cybersecurity measures in DeFi as digital systems become more complex.

Hacks, cybersecurity exploits, and malicious attacks remain a significant issue in the crypto space. Hacken’s report revealed over $2 billion in crypto lost due to hacks, scams, and exploits in Q1 2025, with the $1.4 billion Bybit hack skewing the findings. The industry must adopt stronger security measures to combat these threats.

Crypto hacks resulted in $357 million in losses in April 2025, indicating a concerning increase from previous months. Hacken CEO emphasized the urgent need for enhanced cybersecurity and code auditing to address the rising tide of hacks and exploits. The G7 Summit may address cybersecurity threats from hacking groups linked to North Korea.

Read more at Cointelegraph: Lido DAO initiates emergency vote to swap compromised oracle