Lido Finance disclosed 20 slashing events occurred on Oct. 11 due to a series of infrastructure and signer configuration issues from validators operated by Launchnodes. Lido said Launchnodes' validators nodes are now offline, and slashings have ceased while the root cause was being investigated.
The slashing took place on the Ethereum and the impact is around 20 $ETH, as well as additional penalties while the validators are offline for troubleshooting, along with inactivity penalties that the validators will accumulate.
Slashing is the process when a validator breaches the consensus rule, a portion of staked $ETH will be removed, up to the whole stake of 32 $ETH in the worst cases.
Lido DAO has an insurance fund of 6,230 staked $ETH, and will be used to mitigate the slashing impact, and Lunachnodes also pledged to reimburse all losses incurred to Lido.
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Lido
Ethereum
