Ethereum staking protocol Lido Finance has disclosed its protocol saw 20 slashing events due to a series of infrastructure and signer configuration issues from validators operated by Launchnodes.
The incident occurred on Oct. 11 at about 3:30 pm UTC, according to Launchnodes. In an Oct. 11 post on X, Lido said Launchnodes’ validators nodes are now offline, and slashings have ceased while the root cause was being investigated.
The slashing took place on the Ethereum blockchain and Lido projected the impact to be around 20 Ether (ETH), worth $31,000, as well as additional penalties while the validators are offline for troubleshooting, along with inactivity penalties that the validators will accumulate.
20 slashings have occurred relating to validators operated by the @launchnodes node operators as a part of the Lido protocol.
Launchnodes and DAO contributors are investigating.
The validators are offline and slashings have ceased while the root cause is being investigated.
— Lido (@LidoFinance) October 11, 2023
Slashing is a process where a validator breaches a blockchain’s proof-of-stake consensus rules, which often results in the removal of that validator or slashing a portion of the staked-Ether that they provided as collateral.
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