Kiln exiting all 7,500 ETH validators holding over $1B in ETH as a security precaution. Now ETH validator exit queue is over 1.3M ETH.
https://www.kiln.fi/post/kiln-responds-to-infrastructure-issue-with-validator-exit-funds-remain-protected
Posted by Buy_Ether
2 Comments
tldr; Kiln has initiated the orderly exit of all its Ethereum (ETH) validators following a potential infrastructure compromise. This precautionary measure aims to safeguard client assets, which remain secure. The exit process, expected to take 10-42 days, ensures validators continue earning rewards until withdrawal. Kiln has paused certain services to strengthen its infrastructure and will share a full post-mortem after the review. The company emphasizes its commitment to client asset safety and transparent communication throughout the process.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Now up to 1.5M ETH in exit queue! Apparently Kiln has 51K validators (5th largest staker on ETH) in total holding over 1.6M ETH worth $7B. 7500 validators is only those starting exit so far. Seems like they are exiting them in succession not all at once… This exit queue is about to get massive!