Lido Dodges Disaster: Ethereum Staking Titan Loses Just 1.4 ETH in Failed Hack Attack
Lido Finance—the $30B gorilla of Ethereum staking—just walked away from a hacking attempt with barely a scratch. Somewhere, a hedge fund manager is crying into their overpriced security audit.
Attack? What attack? The would-be thief only made off with 1.4 ETH (about $4,200 at press time). For context, that’s less than the gas fees for a degenerate’s NFT trade.
How they failed upwards: On-chain sleuths suggest the attacker tried exploiting a wallet vulnerability, but Lido’s distributed node architecture laughed it off. The platform processes more ETH in staking rewards every 12 seconds than this clown stole.
The real win: While traditional finance gets hacked for eight figures weekly, crypto’s biggest staking service just turned a breach into a PR flex. The hacker probably spent more on transaction fees than they stole—poetic justice for Web3.