The SOL staking protocol of Lido resulted in users' $24 million deposits being inaccessible due to a code error
Due to a code error, Lido's SOL staking protocol has made users' $24 million deposits inaccessible. In October 2023, Lido announced plans to gradually discontinue support for Solana over the next few months and removed the webpage that allowed stSOL holders to exchange their tokens for SOL. When Lido removed this page in February, users still held more than 112,000 stSOLs with a market value exceeding $24 million. In addition to there being no easy way to withdraw funds, a new bug was found in Lido's smart contract which also prevented stSOL holders from withdrawing their money. Now, over 31,000 wallets holding stSOL are stuck in limbo.
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