Fireblocks faces lawsuit over deleted keys to $72M Ether wallet

Cointelegraph

Published Jun 23, 2021 12:08AM ET

Updated Jun 23, 2021 01:40AM ET

Crypto-custody firm Fireblocks is facing legal action by a firm that claims it was locked out of its wallet containing a substantial amount in crypto assets.

Crypto staking platform StakeHound claims that negligence by a Fireblocks employee resulted in tens of millions of dollars worth of crypto assets being lost without any backup available. Fireblocks is an Israeli-based company that provides custody services for businesses and which is working on speeding up digital transactions.

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