Author Topic: $70 million lost Ethereum lawsuit against Fireblocks🧐  (Read 212 times)

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A $ 70 million Ethereum lawsuit has been filed against Fireblocks, which is based in Israel and provides a crypto custody service. The plaintiff firm blames Fireblocks for failing to reach the $70 million worth of Ethereum wallet.
According to the news of Calcalist from the Israeli media; Crypto money stake platform that stakehound, about Fireblocks company in the Tel Aviv District Court, Ethereum 's sued, citing the omission of mAsIndAki lost.

38,178 ETH lost…
According to StakeHound's claim; a Fireblocks employee did not protect the wallet's keywords, which later disappeared. Hence, he was unable to access his wallet, which consisted of 38,178 ETH on StakeHound.

“The fault of the employee who did not work in good conditions…”
The report also stated in the case file that "This situation resulted from a human error of a company employee who could not perform his duties under good conditions":

“The defendant caused the plaintiff to irreversibly lose access to his digital assets and 38178 Ethereum was inaccessible.”

Fireblocks, on the other hand, stated that the situation is being investigated through an internal investigation. “All customers' funds are safe. Customer keys are redundant and recoverable.” it was said.