Lost $1B Ethereum Wallet Highlights Custody Risks

I see Rain Lõhmus' lost Ethereum wallet — now valued at over $1 billion — as a stark reminder that private keys are single points of failure. Two years after losing access, the funds remain irretrievable and the event highlights personal custody risks far more than market-moving fundamentals.

I think the broader market impact is limited: immutably lost ETH slightly reduces effective supply, which could exert modest upward pressure, but the amount is small relative to total market cap. The real takeaway is operational — use secure custody, redundancy, and estate planning to avoid similar losses.