Kiln Finance begins orderly exiting Ethereum validators to protect assets
Source: Binance
Time: 2025-09-10 14:34:37
According to Cointelegraph, Ethereum validator exit queues may surge, but market participants need not worry. Ethereum educator Anthony Sassano said the ETH will be restaked rather than sold.
Kiln Finance announced that it began to orderly exit its Ethereum validators to protect customer assets after SwissBorg, a crypto-wealth management platform, was hacked. The attack resulted in the stolen 193,000 Solana tokens.
Currently, Ethereum exit queue has about 1.63 million ETH, and the exit process is expected to take 10 to 42 days. Ethereum has recently experienced fluctuations in and out of the queue of validators.