link.png

ID:

fireblocks-326

Date:

Status:

Incident Count:

June 22, 2021

Verified

1

info.png
target.png
REKT

Contributor:

chain.png

zerofriction.io

KYC By:

KYC:

None

info.png

Audit By:

Audits:

None

Loss Amount:

75,000,000

info.png

Recovered:

-

Rewards:

Currency:

USD

info.png

Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Business

Key Management

Extended Method:

Lost private key, no back up

info.png

Days in Operation:

0

chain.png
chain.png
chain.png
chain.png
datasource.png

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 {USD} 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.

info.png

DISCLAIMER: While web3rekt has used the best efforts in aggregating and maintaining this database, this web site makes no representations or warranties with respect to the accuracy or completeness of its information and data herein, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall web3rekt be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the data and information derived from this database.