39 Ethereum validators slashed in mass event

Thirty-nine validators on the Ethereum network have been slashed in a mass event, CoinDesk reported. Slashing is a penalty imposed on validators in a Proof-of-Stake blockchain for malicious activities, such as violating network rules. The affected validators were connected to the SSV Network, which decentralizes staking infrastructure by splitting validator keys among multiple operators. SSV founder Alon Muroch explained that the incident was not due to a problem with the protocol itself but stemmed from an infrastructure issue with an operator linked to a third-party staking firm using SSV. One of the slashed validator clusters was reportedly connected to the liquid staking provider Ankr.