Latest news with #ChorusOne
Associated Press
4 days ago
- Business
- Associated Press
Cactus Custody Taps Chorus One to Power Seamless Institutional ETH Staking
05/28/2025, Singapore, Singapore // KISS PR Brand Story PressWire // Cactus Custody, the qualified institutional custodian brand under Matrixport, has integrated Chorus One 's ETH Vaults into Cactus Link, its proprietary multi-chain wallet extension. This partnership delivers seamless access to high-performance Ethereum staking for institutions, combining trusted custody with Chorus One's research-driven validator infrastructure. Cactus Tasked with safeguarding over $10B in digital assets, Cactus Custody is expanding its offerings to meet growing institutional demand for secure, compliant blockchain solutions. The integration of ETH Vaults simplifies the path to ETH-based rewards—eliminating manual workflows and bringing sophisticated staking products directly into the custody environment. 'Institutional adoption is no longer a distant goal—it's happening now,' said Brian Crain, CEO of Chorus One. 'We're excited to work with Cactus to deliver secure, intuitive access to next-gen staking solutions, and to help shape a unified financial hub for institutions in the APAC region.' Timothy Tan, Head of Sales and Partnerships of Cactus Custody, added, 'At Cactus Custody, we're committed to bridging the gap between institutional-grade security and the dynamic opportunities of blockchain technology. Partnering with Chorus One empowers our clients with seamless access to trusted staking solutions through Cactus Link, transforming complex reward generation into a streamlined, secure, and intuitive experience.' Live Now on Cactus Link Institutional users can now access ETH Vaults directly through Cactus Link, including: This partnership enhances the institutional staking experience and sets a new benchmark for accessible and efficient solutions. As blockchain technology continues to evolve, Cactus Custody and Chorus One remain committed to delivering reliable, high-performance financial tools for a broad range of users. About Cactus Custody Founded by Jihan Wu, Cactus Custody is an institutional digital asset custodian. It is ISO certified and operates as a licensed trust company in Hong Kong (Licence Number TC006789) with a temporary exemption granted by the Monetary Authority of Singapore. The company complies with all applicable capital and anti-money laundering regulations. Cactus Custody secures billions of dollars in digital assets for over 300 institutional clients, including mining firms, mining pools, investment funds, asset managers, and over-the-counter trading platforms. About Cactus Link Cactus Link is a browser-based wallet extension that enables institutions to engage in decentralized finance activities across nearly 30 public blockchains. Supported networks include Ethereum, Solana, Bitcoin, and Cosmos, covering both EVM-compatible and non-EVM environments. Users can stake securely without mnemonic phrases and benefit from features such as transaction validation, address verification, approval workflows, hardware-based signatures, Taproot support, and additional auditing protections. For more information, visit: About Chorus One Chorus One is a global staking provider trusted by institutional and retail clients. Its ETH Vault products, including MEV Max and Obol, deliver enhanced staking rewards through advanced blockchain infrastructure. With support for multiple chains and a strong reputation for reliability and innovation, Chorus One continues to provide secure and efficient staking solutions. Media Contact Cactus Custody Cactus Custody PR Team [email protected] Chorus One Rajiv Naidoo [email protected] This content was first published by KISS PR Brand Story. Read here >> Cactus Custody Taps Chorus One to Power Seamless Institutional ETH Staking
Yahoo
12-05-2025
- Business
- Yahoo
Hacking Attempt on Lido Results in 1.4 Ether Lost From Oracle Provider
Lido, Ethereum's largest liquid staking protocol, avoided a major security incident after one of its nine oracle keys was compromised in what appears to be a low-impact but serious breach involving validator operator Chorus One. Lido secures over 25% of all ether (ETH) staked on Ethereum, making it one of the most systemically important protocols in the Ethereum ecosystem. The compromised key was tied to a hot wallet used for oracle reporting, leading to the theft of just 1.46 ETH ($4,200) in gas fees. No user funds were affected, and no broader compromise was detected, per X posts from both Lido and Chorus One. Lido's oracle system is a blockchain-based tool that supplies Ethereum consensus data to Lido's smart contracts using a 5-of-9 quorum mechanism. This means that even if upto 4 keys are compromised, the system can function securely. Contributors first detected the suspicious activity early Sunday after a low-balance alert triggered a closer look at the address. It revealed unauthorized access to an oracle private key used by Chorus One that was originally created in 2021 and not secured to the same standards as newer keys, the firm said in an X post. In response, Lido has launched an emergency DAO vote to rotate the compromised oracle key across three contracts: the Accounting Oracle, the Validators Exit Bus Oracle, and the CS Fee Oracle. The new key has been generated using better security controls to avoid any repeat. The hack occurred just as several other oracle operators were experiencing unrelated node issues, including a minor Prysm bug introduced by Ethereum's recent Pectra upgrade, briefly delaying oracle reports on May 10. The compromised address (0x140B) is being replaced by a new secure address (0x285f), with the on-chain vote already approved and in its 48-hour objection period as of Asian morning hours Monday. UPDATE (May 12, 08:00 UTC): Updates headline and story with Lido's comment.
