The amount of Ether lost due to bugs and user errors has surged 44% since March 2023, according to Conor Grogan, head of product at Coinbase.
The amount of Ether lost forever due to user error and bugs has reached 913,111 ETH, or approximately 0.76% of Ethereum’s current circulating supply, according to Conor Grogan, head of product at Coinbase.
Grogan shared the estimate on X on Sunday, noting that the lost Ether due to human error and bugs (ETH) now accounts for more than $3.43 billion at current market prices.
When including 5.3 million ETH that have been destroyed via Ethereum Improvement Proposal 1559 (EIP-1559) since 2021, the share of ETH lost is even higher.
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