Crypto custody provider Fireblocks is being sued by a company claiming it lost access to more than $70 million worth of ether, according to a report by Calcalist.
- Crypto staking platform StakeHound filed a lawsuit against Fireblocks at the Tel Aviv District Court on the grounds of alleged negligence, Calcalist reported Tuesday.
- A Fireblocks employee allegedly did not protect or back up the private keys to a digital wallet, which were then deleted, preventing StakeHound from accessing its assets.
- “This is a human error committed by an employee of the defendants, who worked in an unsuitable work environment,” the filing said, according to Calcalist.
- “The defendant irrevocably lost access to the plaintiff’s digital assets, which were deposited in an e-wallet provided by the defendant, causing the loss of 38,178 of the plaintiff’s ETH coins,” equivalent to nearly $72 million at the time of writing.
- Fireblocks did not immediately respond to CoinDesk’s request for comment.
Source: Coindesk
