ID:
fireblocks-326
100 pts
Platform:
Type:
Category:
Method:
Data Sources:
Business
Key Management
Extended Method:
Lost private key, no back up
Days in Operation:
0
100 pts each
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.
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