Fireblocks

Operation error

Estimated loss

$75.00M

VERDICT —UNRATED

Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.

▰ METHOD

Undisclosed

Root cause

Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.

Forensic narrative

According to Calcalist, the cryptocurrency company StakeHound has filed a lawsuit against the institutional security company Fireblocks, claiming that ETH worth 245.5 million Israeli new shekels (approximately US$75 million) was lost due to Fireblocks’ mistakes. StakeHound stated that as Fireblocks deleted the key for no reason without backing up the key, 38,178 ETH were lost. Attack method (per SlowMist): Operation error. Reported loss: $ 75,000,000.

Primary source

https://www.calcalistech.com/ctech/articles/0,7340,L-3910671,00.html ↗

Sourced from

slowmist

Technical record