A glitch in the smart contract of the Lido liquid-staking platform has unintentionally trapped around $24 million worth of tokenized staked Solana (stSOL). The incident has impacted the Lido on Solana service, which had discontinued its 5% yield on staked Solana due to financial concerns and low fees. After removing an easy unstaking option, users had to navigate the complexities of the Solana command line interface (CLI) for unstaking their tokens. Many users faced difficulties with this process, leading to frustrations expressed on Lido's Discord channel in March. Data from Solana scan shows that $24 million in stSOL is still held by 31,588 holders. Users reported errors despite following Lido's guidelines, including failed attempts to unstake stSOL. Pavel Pavlov, a product manager at P2P Validator, revealed that the withdrawal issue was due to a smart contract malfunction, specifically related to Rent-Exempt Split logic's modification. While P2P was unable to directly fix the problem, efforts were made to adjust the smart contract with input from the Lido DAO. Updates from Pavlov noted progress in deploying an updated maintainer bot for CLI withdrawals and providing a user guide. Despite ongoing challenges in addressing the smart contract issue, work continues on finding alternative solutions with no set timeline for resolution. Some community members suggested utilizing Sanctum or Jupiter for converting stSOL into SOL or other liquid staking tokens. As of now, Lido Finance has not issued a statement on the matter. For crypto press release submissions, contact sales@cryptointelligence.co.uk.
Smart Contract Flaw Locks $24 Million in Staked Solana on Lido Platform

by Giorgi Kostiuk
2 years ago

Other news
Security Concerns Resolved for FLOW Trading

Security concerns resolved for FLOW trading after major exchanges reviewed the incident and restored trading.

Flow Foundation Seeks Court Intervention Against FLOW Delisting

Flow Foundation has filed a motion with the Seoul Central District Court to suspend the planned termination of FLOW trading on major South Korean exchanges.

Crypto Fundraising Faces Drought Amid Declining New Funds

The crypto fundraising landscape is facing a drought in new venture capital funds, raising concerns about future investments in the sector.

Three Major Crypto Deals Dominate February Fundraising

In February 2026, three major deals accounted for nearly half of all crypto fundraising, highlighting a trend of larger investments amidst a decline in the number of deals.

US Spot ETFs Experience Inflows as Bitcoin Demand Rebounds

US spot ETFs have begun to see net inflows as Bitcoin demand rebounds, indicating a potential market recovery.

Grok Under Fire for Distasteful Posts on Football Tragedies

Elon Musk's AI chatbot Grok faces backlash for generating vulgar posts about historic football tragedies, leading to complaints from UK officials and Premier League clubs.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter