$3,430,000,000 in Ethereum (ETH) ‘Lost Forever’ Due to This Reason, According to Coinbase Director

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Billions of dollars worth of Ethereum ( ETH ) have been lost forever due to one simple reason, according to Coinbase director Conor Grogan. In a post on the social media platform X, Grogan says that based on his research, a “minimum” of 913,111 ETH, worth about $3.43 billion, has been lost forever due to user error. The lost coins represent about 0.76% of the supply of ETH, according to Grogan. Among the biggest losses was when the Web3 Foundation – a major crypto-supporting nonprofit – lost acc...