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MetaMask exits Lido validators as it investigates security incident

MetaMask said it has found no immediate threat to its wallets, while Lido warned the precautionary validator exits could result in lost rewards and downtime penalties.

MetaMask exits Lido validators as it investigates security incident
Written by Felix Ngstaff editor

MetaMask has announced it is responding to a security incident affecting part of its infrastructure and is exiting affected staking validators as a precaution.

In an update on Wednesday, MetaMask said it was addressing the ongoing threat internally and was working with external partners and security advisors. It did not share what the security issue was but said it has not identified any immediate threat to MetaMask wallets.

MetaMask said the precautionary measures involve validators within its non-custodial staking operations.

Cointelegraph reached out to MetaMask but did not receive an immediate response.

Lido separately said MetaMask Staking had begun exiting its Ethereum validators in the Lido protocol on Wednesday.

The final affected validators are expected to exit by the end of Oct. 7, and could lead to foregone rewards and possible downtime penalties.

“ETH exited from MetaMask Staking-operated validators is expected to return to the protocol gradually as the relevant validators complete the exit, withdrawal, and re-entry cycle, which is estimated to take approximately up to 45 days due to the extended entry queue,” said Lido Finance developer Will Shannon.

This is a developing story. More information will be added as it becomes available.

1 minute letter1 minute letter Subscribe Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
  • MetaMask
  • Security
  • Validator
  • Lido DAO
  • Blockchain
5 hours ago11 hours agoHardware wallets14 hours ago5 hours ago11 hours agoHardware wallets14 hours ago
Originally published by cointelegraph Aggregated for informational purposes. All rights belong to the original publisher.
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