Lido Says Lido Earn Funds Remain Safe After Resolv Labs Exploit

According to Resolv, no underlying assets were lost in the minting attack, though blockchain data shows the attacker bought 11,422 ETH and moved most of it to a new address.

ETH

Summary

Lido said Lido Earn user funds remain safe after the Resolv Labs exploit, and previously stated on March 22 that users did not need to take action. A new update said the attacker bought 11,422 ETH worth $23.66 million, with 11,318 ETH transferred to a new address about one hour earlier. Resolv said no underlying asset loss has occurred and that the minting attack remains under investigation as of March 22.

Terms & Concepts
  • ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions, fees, and smart contract interactions.
  • Exploit: A security incident in which attackers abuse a software weakness or system vulnerability to gain unauthorized access or extract funds.
  • Lido Earn: A crypto yield product linked to Lido that is designed to help users earn returns on digital assets.