Staking infrastructure provider Kiln has announced the withdrawal of all its Ethereum validators, a process expected to take between 10 to 42 days. During this period, withdrawals may take up to nine days, but rewards will continue to be distributed. Kiln will temporarily suspend its dashboard, widget, and API to enhance its infrastructure. This decision follows incidents related to SwissBorg, although SwissBorg's Cyrus Fazel clarified that the platform was not hacked. The $41 million in question pertains to an external DeFi wallet associated with Kiln's SOL staking partner.
Kiln Withdraws All Ethereum Validators Amid SwissBorg-Related Issues
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