Detail Analysis
Date:
Status:
Count:
Contributor:
June 22, 2021
Verified
1
zerofriction.io
Loss Amount:
75,000,000
Recovered Amount:
-
Currency:
Dollars
KYC By:
Audit By:
None
None
Website:
No data
Twitter:
No data
Discord:
No data
Telegram:
No data
Medium:
No data
Github:
No data
Key Indicators
Platform:
Type:
Category:
Method:
Business
Poor Key Management
Extended Method:
Lost private key, no back up
Data Sources:
According to Calcalist, the cryptocurrency company StakeHound has filed a lawsuit against the institutional security company Fireblocks, claiming that ETH worth 245.5 million Israeli new shekels (approximately US$75 million) was lost due to Fireblocks’ mistakes. StakeHound stated that as Fireblocks deleted the key for no reason without backing up the key, 38,178 ETH were lost. Crypto staking platform StakeHound claims that negligence by a Fireblocks worker resulted in tens of tens of millions of {dollars} value of crypto belongings being lost with none backup accessible. Fireblocks is an Israeli-based company that gives custody providers for companies and which is engaged on rushing up digital transactions.
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