🚀 Lido Finance, a major Ethereum staking protocol, faced 20 slashing events due to infrastructure and signer configuration issues with validators operated by Launchnodes. The incident, which occurred on Oct. 11, resulted in an estimated loss of around 20 ETH ($31,000) and additional penalties. But fear not, Lido stakers! The protocol's insurance fund of 6,230 staked-ETH ($9.5 million) will be used to mitigate the slashing impact, and Launchnodes has pledged to reimburse all losses. So, while daily rewards may be temporarily reduced, stETH holders can expect compensation once the "cover method" is decided. Crisis averted! 😅