Significant Bug in Lido Staking Service Results in $24.4 Million Token Lockdown

Sunday, 7 April 2024, 07:36

A critical bug in the Lido Staking Service has caused a lockout of tokens valued at $24.4 million. The issue is linked to a glitch in the maintainer bot and Solana staking account updates, showcasing potential vulnerabilities in decentralized finance platforms. Investors and users are facing challenges as access to funds remains blocked, emphasizing the importance of security and reliability in DeFi systems.

Bug in Discontinued Lido Staking Service

A critical bug in the Lido Staking Service has resulted in a lockdown of tokens valued at $24.4 million. Lido attributes this issue to 'a problem with the maintainer bot and the recent update of rent-exempt terms for Solana staking accounts.'

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.