Incident Update and Scope of Impact
Lido has provided a detailed clarification regarding the recent security incident. The team explicitly stated that its core staking protocol remained entirely unaffected, with user holdings of stETH and wstETH maintaining complete security and stability.
Risk Concentrated in Specific Product
The primary risk is currently associated with the EarnETH vault. This vault involves exposure to a specific asset, representing approximately 9% of its total locked value. To mitigate risk, deposit and withdrawal functions for this vault have been temporarily suspended by the managers, pending the implementation of a definitive solution.
Status of Other Products and Recovery Efforts
- Other vault products, including DVV and EarnUSD, are operating normally and were not impacted.
- The GGV sub-vault is currently experiencing negative yield due to shifting market conditions and is undergoing ongoing strategy adjustments.
- Regarding assets lost in the earlier attack, approximately $70 million worth of ETH has been successfully recovered. Subsequent asset restitution and loss allocation processes are continuing in an orderly manner.
Lido emphasized that the team is actively collaborating with management parties to advance the resolution of the issue and ensure the safety of user assets.