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Solflare Halts Staking Rewards After Validator Provider Security Breach

Picture: Crypto Adventure

Solana wallet provider Solflare has suspended staking rewards on its validator following a security incident involving a third-party staking operator, affecting roughly 1.6 million SOL delegated to the service. The October 27 disclosure confirmed that the incident affected validator keys held by an external provider, leaving the Solflare validator unable to generate rewards. The provider is investigating the compromise, while Solflare prepares to migrate affected delegations to a replacement validator. Solflare stressed that customer funds remain secure, with no reported losses or unauthorized transfers from users' staking accounts.

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