Lido: Core Staking Protocol Unaffected; $70M ETH Recovered

Lido said in a recent post on X that its Earn vaults are coordinating with custodians to resolve issues tied to two primary risk areas: rsETH exposure and tightening liquidity conditions in the lending market. The core staking protocol is not impacted, and stETH and wstETH continue to operate securely and as expected. Lido noted that only the EarnETH vault has rsETH exposure, at roughly 9% of its total value locked (TVL). Deposits and withdrawals for EarnETH have been paused while a fix is put in place. The protocol added that about $70 million worth of ETH lost in the earlier attack has been recovered. Work on asset restoration and loss allocation is ongoing. Other vaults are not affected. DVV and EarnUSD continue to run normally. The GGV sub-vault is currently seeing negative yields due to a mix of restaking strategies and higher lending rates, and is being actively adjusted.