Ether lost forever hits $3.4B due to user error, Coinbase exec warns
Ether lost due to bugs and user errors has surged 44% since March 2023, according to Conor Grogan, head of product at Coinbase.
Ether lost forever due to user error and bugs has reached 913,111 ETH, or about 0.76% of Ether’s current circulating supply, according to Conor Grogan, head of product at Coinbase.
Grogan shared the estimate on X on Sunday, noting that the lost Ether due to human error and bugs (ETH) now accounts for more than $3.43 billion at current market prices.
When including 5.3 million ETH destroyed via Ethereum Improvement Proposal 1559 (EIP-1559) since 2021, the share of ETH lost is even higher.
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