Several cryptocurrency companies are changing their oracle providers after Chaos Labs revealed that it was targeted in a sophisticated hack attempt last weekend — an attempt that authorities believe may have been carried out by a nation-state actor.
Companies are moving to Chainlink
Borrowing platform Tydro announced that it is moving to Chainlink’s oracle infrastructure after incident. Solv Protocol has flagged similar plans, citing recent industry events as a reason to move its on-chain setup away from LayerZero.
Kelp DAO is still recovering from the April vulnerability, and is also transferring its rsETH rollback token to Chainlink. These moves indicate a broader loss of trust in alternatives, even as Chaos Labs insists that its core systems were never compromised.
said Chaos Labs founder Omar Goldberg Attack It is introduced into the operational portfolios that the company uses for routine activity across the chain. The oracle network itself – which provides prices and data feeds to blockchain applications – was not hacked at any time.
Over the weekend, we identified an attack on Chaos Labs. The surface area is strictly contained to the operational wallets we use for routine on-chain operations. At no time has the Chaos Oracle Network been hacked or compromised. Chaos Oracles operate in a completely isolated environment with…
– Omar Goldberg (@omeragoldberg) May 7, 2026
“Chaos Oracles operate in a completely isolated environment with globally distributed nodes, protected by security layers and cryptographic controls,” Goldberg said in a post on X.
The company rotated all the keys after the incident and said no suspicious activity has been detected since then.
The attack is consistent with nation-state methods
Cyber specialists and authorities working alongside Chaos Labs told the company that the methods used are consistent with Nation-state attacksaccording to Goldberg.
He did not mention the name of a specific country. The investigation is ongoing, and Goldberg said more details will be shared when conditions allow.
State-backed hacking groups, especially those linked to North Korea, have long been seen as a serious threat to cryptocurrency infrastructure.
Reports indicate that North Korean actors stole at least $578 million in several incidents in April alone. North Korea denied its involvement in global cyber crimes, describing these allegations as baseless.
Goldberg said Chaos Laboratories The most serious incident response was triggered immediately after the attempt was discovered. The company allocates a significant portion of its operating budget to cyber defense, surveillance and detection systems.
A tough month for cryptocurrency security
The Chaos Labs incident comes against the backdrop of widespread attacks across the industry. The Kelp DAO hack earlier in April was among the most damaging attacks of the year, sending ripple effects through the cryptocurrency lending market and causing Aave’s overall value to drop by $8 billion. The Drift Protocol and at least a dozen other cryptocurrency entities were also hit during the same period.
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