Official proposal to destroy of stolen LDO tokens of EU licensed DeFi protocol.
Using functions of LDO smart-contract it is possible to destroy and create LDO.
Total amount of LDO to destroy: 11,340
Hacker’s wallet address and name of project may be shared only after a destroy. Because hacker can sell LDO. Lido team got this info via e-mail.
All information about wallet, flow of stolen funds have been sent using the official email of DeFi project info@z***.****ork.
Date and time of e-mail: 17.05.2023 00:38 GMT+2.
We please Lido community to support this case and to back stolen funds to owners. Just imagine yourself as victim of hack. Unfortunately, our industry is full of such cases.
Mission of licensed crypto project - to protect investors.
The quest to destroy although noble and justifiable is open to arbitrary application and thus abuse. The asset shouldn’t suffer a course, the actor ordinarily does. Destroying the assets also delegitimizes the asset essentially. How about halving the value of a suspected hacked asset instead?
Sorry to hear that happened to your assets.
Unfortunately, whoever the Lido team is, it isn’t entitled to make this kind of decision. Burning and minting LDOs on arbitrary addresses can only happen upon successful on-chain DAO voting. Although this is doable, the nature of this proposal would require a lot more homework to be done and shared beforehand, i.e. a proper description of the case with proofs and addresses and also a rationale behind why the DAO should take this action. Without this data, the vote will definitely fail to even reach the quorum.
There was just one case in the past when this happened, but the details around it were quite different, you can read about it here: Proposal to freeze vesting for compromised address
A proper description of the case with proofs and addresses: all this information has been sent on [email protected]
If we will share this info here, there is a chance that hacker would sell LDO.
That’s why I please Lido Team to CONFIRM here the receiving of email from TOP 500 projects on Coinmarkercap. That’s how we plan to get quorom.
Again, the only way to burn tokens is by running an Aragon DAO vote. It lasts for three days and is completely transparent, the addresses will be visible to everyone and announced on all Lido comms channels out loud. The tokens simply cannot get burnt secretly.
Simply put, you cannot drag this thing through the DAO governance without disclosing all of the details beforehand. Not sure if they got anything in the mailbox but it won’t result in burning tokens, no matter what is in that email.
Hi ! I am a new member and I need help to fix an issue with my LDO tokens on MEW.
I’m looking for an email or a chat with the Lido’s support team to help me. It’s the my ether wallet support team who ask to contact Lido’s support !
Could you help me please ?
Thank you in advance
Serge
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