Posted 10/12/2023, 11:02:05 AM
Lido Finance Faces Over $30K in ETH Slashing Penalties Due to Validator Issues
- Lido Finance faces over $30,000 slashing penalty due to validator slashing event
- 20 validators associated with Launchnodes were slashed from Ethereum network
- Initial loss is around 20 ETH, with additional penalties expected
- Slashing removes validators for failing responsibilities like prolonged downtime
- Validators face 1/32 ETH penalty up to 1 ETH per validator
- Additional penalties charged over next 36 days before withdrawals allowed
- Launchnodes says infrastructure issues caused problem, has reimbursed Lido
