Solflare to cover missed rewards on $160 million of SOL after validator goes offline

Solana wallet Solflare said it will cover missed staking rewards on roughly $160 million of SOL after the validator holding about 1.56 million SOL went offline and stopped earning. Solflare has not disclosed which firm operated the validator that held its keys. The pledge limits user losses, but the undisclosed validator and the scale of the affected stake raise questions about staking concentration and counterparty risk on Solana.