According to Coinbase executive Conor Grogan, at least 913,111 ETH (approximately $4.3 billion) has been permanently lost due to user operational errors, accounting for about 0.76% of the total ETH supply. When combined with the 5.3 million ETH burned under the EIP-1559 mechanism, the total destruction has exceeded 5%, equivalent to $23.4 billion. Major loss cases include 306,000 ETH locked by the Web3 Foundation due to a contract vulnerability, 60,000 ETH lost by Quadriga, 11,500 ETH lost in the Akutars minting incident, and 25,000 ETH actively transferred to a burn address by users. Grogan noted that this data does not include cases such as lost private keys, and the actual number of lost ETH may be higher.
Coinbase Director Conor Grogan: Over $3.4 Billion in ETH Lost Forever
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