Cryptocurrency firm StakeHound has initiated proceedings against the Israeli Enterprise Fireblocks, alleging that NIS 245.5 million cryptocurrencies (about $75 million) have been lost. StakeHound states that Fireblocks was irresponsible, and as a consequence, money was lost and could not be retrieved. Attorneys Eli Cohen, Nuna Lerner, and Alex Feldsher from the Gornitzky & Co legal firm filed the complaint at the district court of Tel Aviv. Fireblocks refuted any mistakes by stating: “Customer produced keys which were kept outside Fireblocks and that customer didn’t store backup from a third-party service provider according to our rules.”