Kiln to suspend Ethereum validator activity following SwissBorg exploit

Staking platform Kiln will sequentially suspend all its validator activities on the Ethereum network following a recent exploit that affected the crypto trading and analysis app SwissBorg. A preliminary investigation found that hackers exploited a vulnerability in an API provided by Kiln, SwissBorg's staking partner, according to The Block. In response, Kiln will begin the suspension process on Sept. 10, a procedure expected to take between 10 and 42 days to complete.