Following an investigation yesterday regarding a Solana incident involving SwissBorg, Kiln has decided to take precautionary measures to safeguard client assets across all networks it runs validators in. As part of this response, Kiln today began the orderly exit of all of its Ethereum (ETH) validators, including validators run using the Lido protocol. The exit process is a precautionary measure designed to ensure the integrity of the staked assets. stETH holders do not need to perform any action, and the ETH exited from Kiln-related validators is expected to flow back into the protocol gradually once the relevant validators have completed the exit and withdrawal cycle (which is estimated to take roughly 15-45 days). Please refer to the Kiln press release for more information.
Lido DAO contributors are actively working with Kiln in investigating the incident to understand its full scope, and more information will be shared in the coming days/weeks as the process runs its course.
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