[Lido’s SOL staking protocol made users’ $24 million deposits inaccessible due to a coding error]

Lido’s SOL staking protocol lost access to $24 million of users’ deposits due to a coding error. Lido announced in October 2023 that it planned to phase out support for Solana in the coming months and removed a webpage that allowed stSOL holders to redeem their tokens for SOL. When Lido removed the page in February, users still held more than 112,000 stSOL, with a market value of more than $24 million.

In addition to not having an easy way to withdraw funds, a new bug has been discovered in Lido’s smart contract that also prevents stSOL holders from withdrawing funds. Now, more than 31,000 wallets holding stSOL are in trouble.