Ethereum

Lido DAO

<a target="_blank" href="https://tokeninsight.com/en/coins/lido-dao-token/overview">Lido Finance</a> disclosed 20 slashing events occurred on Oct. 11 due to a series of infrastructure and signer configuration issues from validators operated by Launchnodes. 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 and the impact is around 20 $ETH, as well as additional penalties while the validators are offline for troubleshooting, along with inactivity penalties that the validators will accumulate.
Slashing is the process when a validator breaches the consensus rule, a portion of staked $ETH will be removed, up to the whole stake of 32 $ETH in the worst cases.
Lido DAO has an insurance fund of 6,230 staked $ETH, and will be used to mitigate the slashing impact, and Lunachnodes also pledged to reimburse all losses incurred to Lido.
<img src="https://s2.tokeninsight.com/static/calendar/img20231012101907fb977a73-20e6-48ba-b532-85809631e294.jpg">
Stay updated with the most important <a target="_blank" href="https://tokeninsight.com/en/news">cryptocurrency news</a> and valuable insights, conveniently delivered to your email every day. <a rel="noopener noreferrer nofollow" target="_blank" href="https://mailchi.mp/tokeninsight/newsletter">Subscribe to the TokenInsight mailing list now!</a>
Prefer social media? Follow us on <a rel="noopener noreferrer nofollow" target="_blank" href="https://twitter.com/tokeninsight">Twitter</a>, or subscribe to our <a rel="noopener noreferrer nofollow" target="_blank" href="https://t.me/TokenInsightchannel">Telegram channel!</a>
If you have news reports or announcements that you want to reach a wider audience, feel free to email us at <a href="mailto:news@tokeninsight.com">news@tokeninsight.com</a>

Lido Disclosed 20 Ethereum Staking Slashing Events Occurred on Oct.11

TokenInsight

Other articles published on Oct 12, 2023

Spot Trading Volume of the Giant Stock Exchange Has Decreased Greatly!

Bitcoin ETFs at a Crossroads: SEC’s Decision Could Revolutionize Crypto Investment

XRP Whales Transfer Approximately 55 Million XRP to Exchanges

Critical Inflation Data in the US to Be Announced Today: Can Bitcoin Reclaim $28,000?

Bitcoin signals historic bottom, analyst says

Why BTC’s 2024 Halving is Tipped to Eclipse Previous Surges

Join our free newsletter for daily crypto updates!