Ethereums validator exit queue has surged dramatically, reaching 433,158 ETH on May 3 and creating a waiting period of about seven days. This sharp increaseup roughly 72,000% in just two weekscomes amid a wave of Decentralized Finance (DeFi) exploits that have triggered widespread withdrawals from restaking platforms. The spike in exits closely follows a turbulent April for the crypto sector, which recorded an estimated $625 million in DeFi-related losses across 30 separate incidents, marking the worst month for exploits on record. One of the most significant events was the $292 million… Read more
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