Ethereum users are in for a headache as their funds may have been accidentally locked with little to no chances of retrieval.
Gold turns to dust in the most recent cryptocurrency blunder, as $300 million worth of Ethereum cryptocurrency was lost due to a mere bug in the system.
A series of bugs in a popular digital wallet service made one developer take control of the system and accidentally lock up all the funds. The cryptocurrency amount went nowhere and was not stolen by anyone; it was merely destroyed or erased, rendering it gone for good. The lost cryptocurrency was in the form of Ether, the one used for Ethereum distributed app platforms, which use graphics processing units (GPUs) for mining.