$3.4B in Ethereum Gone Forever – 912K ETH Lost to Irreversible Errors
Main Idea
Over 912,000 ETH, worth $3.4 billion, has been permanently lost due to irreversible errors, while Ethereum ETFs have seen record inflows totaling $5.5 billion.
Key Points
1. 912,296.82 ETH tokens are permanently inaccessible due to user errors or protocol failures, representing over 0.76% of Ethereum's circulating supply.
2. Major losses include 306,000 ETH trapped in a Parity multisig contract, 60,000 ETH from QuadrigaCX, and 11,500 ETH lost by the Akutars NFT project.
3. Ethereum ETFs have attracted $5.5 billion in total inflows, with BlackRock’s iShares Ethereum Trust (ETHA) leading with $489 million in a single day.
4. U.S. Ethereum ETFs collectively saw $726.74 million in daily inflows on July 17, setting a new record.
5. Lost ETH cannot be recovered through upgrades or forks, and its removal from circulation affects supply metrics and scarcity estimates.
Description
Key Takeaways: 912,296.82 ETH tokens are permanently inaccessible, according to public blockchain records. BlackRock’s ETHA led ETF inflows, bringing total U.S. Ethereum ETF inflows to $5.5B. Ethereum’s self-custody model offers no built-in recovery for user-side errors. A recent GitHub post published by Coinbase Head of Product Conor Grogan has documented over 912,000 ETH that have been permanently lost due to user error or protocol failures, representing more than 0.76% of Ethereum’s circulati...
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