## Massive ETH Loss: Billions Gone Forever Approximately 913,111 ETH, valued at around $3.4 billion, has been permanently lost due to a combination of user errors and software bugs. Coinbase's Conor Grogan revealed this staggering figure, representing about 0.76% of the circulating ETH supply. ## Parity Bug and Accidental Burning Contribute to Loss A significant portion of the loss is attributed to the Parity multi-sig bug, which resulted in the Web3 Foundation losing 30,600 ETH. Additionally, an estimated 25,000 ETH was accidentally burned by users sending ETH to the burn address or via contract errors. This highlights the risks associated with managing digital assets and the importance of secure coding practices in the blockchain space. The nature of blockchain means these funds are irretrievable. ```

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