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LHV Bank founder has $470M worth of Ethereum, but lost his private key
Rain Lõhmus, founder of LHV Bank, told Estonian media last month that he’s not made much effort to recover the funds but is willing to pay someone who can.
The founder of Estonia-based LHV Bank, Rain Lõhmus, has been revealed as the owner of a massive 250,000-Ether stash bought during the Ethereum initial coin offering, which is now worth an eye-watering $470 million.
There’s only one problem: He no longer has the keys.
In February, Coinbase director Conor Grogan highlighted an Ethereum whale wallet containing some $470 million worth of ETH, untouched since the blockchain’s genesis.
In an Nov. 6 update on X (Twitter), Conor highlighted Lõhmus’ comments in a recent interview that now tie him to the $470 million worth of trapped ETH.
Read More: https://cointelegraph.com/news/lhv-bank-founder-owner-mystery-stuck-ether
Rain Lõhmus, founder of LHV Bank, told Estonian media last month that he’s not made much effort to recover the funds but is willing to pay someone who can.
The founder of Estonia-based LHV Bank, Rain Lõhmus, has been revealed as the owner of a massive 250,000-Ether stash bought during the Ethereum initial coin offering, which is now worth an eye-watering $470 million.
There’s only one problem: He no longer has the keys.
In February, Coinbase director Conor Grogan highlighted an Ethereum whale wallet containing some $470 million worth of ETH, untouched since the blockchain’s genesis.
In an Nov. 6 update on X (Twitter), Conor highlighted Lõhmus’ comments in a recent interview that now tie him to the $470 million worth of trapped ETH.
Read More: https://cointelegraph.com/news/lhv-bank-founder-owner-mystery-stuck-ether
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| 222,000 mlx | |
| 121 | |
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