Ethereum: Verifier exits due to $41 million hacking
Source: CoinWorld
Time: 2025-09-11 00:11:18
The large proof of stake platform Kiln will exit all Ethereum validators as a precaution after its partner SwissBorg suffered a $41 million API attack. The exit process is expected to take between 10 and 42 days and is designed to protect customer assets, which has now resulted in an increase of 700,000 ETH for Ethereum's exit queue. SwissBorg confirms that full compensation will be provided to affected users.