Benzinga - A combination of bugs and human error has resulted in the loss of more than $1.15 billion worth of Ethereum (CRYPTO: ETH), according to research conducted by Conor Grogan, who is the director of product strategy and business operations at Coinbase Global Inc. (NASDAQ: COIN).
Grogan categorized thousands of instances of Ethereum typos, user errors and buggy contracts, and so far, he found 636,000 ETH worth $1.15 billion-plus that are lost forever, which makes up 0.5% of all circulating supply.
He also pointed out that although it is a lot of Ethereum that can't be sold, it still significantly undershoots the actual lost/inaccessible ETH amount.
I've categorized thousands of instances of Ethereum typos, user errors, and buggy contractsThus far I've found 636,000 ETH worth $1.15B+ that are lost forever: 0.5% of all circulating supply
Crypto can be hard some times