$3.4B in Ether lost forever due to user errors, Coinbase 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 errors and bugs has climbed to 913,111 ETH — around 0.76% of the current circulating supply, according to Coinbase’s head of product, Conor Grogan.
Grogan shared the estimate on X on Sunday, noting that the lost Ether (ETH) due to human error and bugs 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.