🐳🐳🐳 #cryptocurrency #Whales Have Over $1.2 Billion They Can’t Access
New data from #Blockchain intelligence firm Arkham Intelligence reveals that some of the world's largest cryptocurrency whales are currently locked out of approximately $1.24 billion worth of digital assets. The data highlights the holdings of these whales, shedding light on their substantial cryptocurrency wealth.
At the top of the list is TRON founder Justin Sun, who holds a staggering $1.1 billion in cryptocurrency. Other notable figures include Ethereum co-founder Vitalik Buterin and Rain Lõhmus, founder of LHV Bank.
However, a significant portion of these holdings, totaling $1.24 billion, is currently inaccessible. Rain Lõhmus, holding an estimated $793 million in cryptocurrency, reportedly cannot locate his private keys, rendering his stash entirely inaccessible. Lõhmus, who accumulated 250,000 ETH during its initial coin offering (ICO) in 2014, has expressed willingness to seek expert assistance in recovering his lost crypto wealth, offering a reward to anyone who can help.
Similarly, Stefan Thomas, Ripple's former CTO, is unable to access his holdings of 7,002 BTC, acquired in 2011 as payment for creating educational content about cryptocurrency. Thomas lost access to the funds after forgetting the password to an IronKey hard drive containing the private keys. Despite offers from cryptocurrency security firms to assist in breaking into the hard drive, Thomas has yet to regain access to his wealth.
These cases underscore the challenges and risks associated with managing cryptocurrency wealth, highlighting the importance of safeguarding private keys and passwords.
Source - cryptoglobe.com