Lido (LDO) community officially allows white-hat hacker intervention

Source
JH Kim

Summary

  • The Lido community said it has introduced a policy to officially allow white-hat hackers to intervene.
  • They said this is a step to institutionally strengthen responses to security risks related to protecting about $26 billion in assets.
  • They said the agreement aims to reduce legal uncertainty and increase the speed of security responses.

The Lido (LDO) community has decided to officially allow white-hat hacker intervention to protect large deposited assets.

On the 19th (local time), crypto-focused media DL News reported that the Lido community decided to adopt the 'Whitehat Safe Harbor Agreement' to protect about $26 billion in assets.

This agreement is a system that allows white-hat hackers to intervene in the system to recover assets if hacking or exploitation of vulnerabilities occurs. The core is to institutionally recognize proactive measures to prevent asset theft.

Until now, white-hat hackers could be exposed to legal liability for unauthorized access despite acting in good faith. Lido intends to reduce such legal uncertainty through this agreement and speed up security responses.

The Lido community said this measure could become a new standard for managing security risks faced by large-scale DeFi protocols.

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JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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