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A staggering $3.43 billion worth of Ethereum (ETH) has been permanently lost due to user errors, according to Coinbase’s Conor Grogan. The losses stem from irretrievable addresses, smart contract flaws, and wallet mismanagement, with actual figures likely much higher.
- Over 5% of Ethereum’s total supply ($23.42B) has been permanently destroyed, including burned ETH and lost tokens.
- Major incidents include the Parity wallet bug (306,000 ETH lost) and QuadrigaCX’s 60,000 ETH smart contract lock.
- Ethereum accounted for 175 hack incidents in 2025, with $1.63B stolen, primarily due to DeFi’s high liquidity.
📎 Related coverage from: cryptopotato.com