How much did fireblocks raise?

Acquire Licensing Rights NEW YORK, Jan 27 (Reuters) - Fireblocks, a digital asset infrastructure provider, said on Thursday it raised $550 million from institutional investors, making it one of the largest financing rounds in the cryptocurrency sector in the last few years. The latest investment valued the company at $8 billion.

Did fireblocks lose $75 million in ether?

Fireblocks, a leading institutional crypto services provider, is accused of losing $75 million worth of ether by its client, Switzerland-based staking services firm, StakeHound. As a result, the Israel-based Fireblocks is being sued for alleged negligence, according to documents reportedly filed with the Tel Aviv District Court this week.

Who is fireblocks & how does it work?

Founded in 2018, Fireblocks has grown into one of the largest crypto service providers in the industry with clients including several mainstream financial players like BNY Mellon, Revolut and other banks.

Did a fireblocks employee lose access to a digital wallet?

A Fireblocks employee allegedly did not protect or back up private keys to a digital wallet, which were thendeleted. 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. Fireblocks said the lost keys were stored outside its platform.