Following the high-profile hack on SwissBorg, Kiln has swiftly implemented a proactive measure to safeguard client funds across all its platforms. The company is exiting all Ethereum (ETH) validators as a precautionary step to secure staked assets while strengthening its infrastructure. Kiln’s CEO, Laszlo Szabo, underscored the responsibility behind this decision in protecting stakers and emphasized close monitoring of the process for security and reliability of services. 10-42 days are expected to pass before validator exits are complete, followed by a network processing period of up to nine additional days, ensuring continued rewards while withdrawals will be processed according to protocol timelines. The company has also temporarily paused access to certain services in anticipation of the process, as stated by co-founder Ernest Oppetit. Kiln confirmed no loss of client funds beyond the SwissBorg incident and highlighted its commitment to transparent communication. Meanwhile, SwissBorg is facing the financial consequences of losing approximately $41.3 million worth of SOL, according to blockchain researcher ZachXBT. The company has vowed to utilize a portion of its Solana treasury for user recovery, with final amounts yet to be disclosed. Security partners and white-hat hackers have been engaged in efforts to retrieve the stolen funds. Kiln’s swift actions exemplify the critical importance of prioritizing security measures within the cryptocurrency industry. By shutting down validators and bolstering their systems, Kiln aims to secure client assets, ensure platform reliability, and instill confidence within the wider crypto community.