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[Kiln Exits All Ethereum Validator Nodes in Response to Security Incident] Staking infrastructure provider Kiln announced that it has begun an orderly exit from all Ethereum validator nodes in response to a security incident related to SwissBorg. The process is expected to take 10 to 42 days to complete, with withdrawals requiring up to an additional 9 days. Kiln stated that this move is aimed at safeguarding customer assets, and validators will continue to earn rewards during the exit period. Meanwhile, Kiln has suspended certain services, including the Dashboard, Widget, and API. SwissBorg's CEO denied claims that the company had lost $41 million, stating that the incident is related to an external DeFi wallet held by Kiln.

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