Kevin Durant, NBA star and Bitcoin buyer on Coinbase for nearly 10 years has now regained his Bitcoin holdings after a successful account recovery.
An announcement was made via the internet. X Brian Armstrong, Coinbase’s CEO posted on Thursday. “We got this fixed. Account recovery complete!,” Armstrong wrote.
Durant shared his story about the lost bitcoin (BTCThe annual Gameplan Summit was held in Santa Monica on Tuesday.
Appearing Durant and his agent Rich Kleiman explained to Andrew Ross Sorkin on the show that Durant discovered Bitcoin while watching YouTube videos in 2014. Or 2015. He gave this information to his agent. “a little nudge.”
Kleiman recalled how the business manager called them afterward. “shut it down.” About a year after first hearing it, I was still unsure. “Bitcoin” The next day, after attending a number of parties at which Ben Horowitz was the host, co-founder of a16z venture capital, investors began to invest.
“And fortunately,” Kleiman was added. “We’ve yet been able to track down his Coinbase account info, so we’ve never sold anything, and his Bitcoin is just through the roof.”
When you forget your Coinbase password, your account is locked and you cannot access any of the cryptocurrency stored in it without your recovery code or other details such as your email.
Durant and his agent were not early investors in Coinbase They have a joint business venture Thirty Five Ventures, have disclosed how much Bitcoin they purchased at the time.
According to the data of Coinbase, the Bitcoin price fluctuated in 2016 between $400 at the beginning of the year up until $1,000 by the end of the year. CoinGecko. Bitcoin’s price, which was $998 at the end of 2016 has soared by 11,470% and is currently at $115.480.
Related: Scottie Pippen says Michael Saylor warned him about Satoshi chatter
Again, Coinbase’s customer service is in crosshairs
Durant’s recovery of account drew comments from users reporting similar issues but with differing resolutions.
Many people have been locked out for years without any luck in recovering their accounts. “You have thousands of people that are locked out of their accounts, Brian. The same people who your CS team sold out & gave their data away,” Erik Astramecki, a user of said X.
Armstrong responded to user complaints on Friday by re-posting a message from one of their customer service team leaders, who detailed the improvements that were being made.
“We’re putting a big focus on getting better at customer support at both ends — improving products so fewer people need support, and providing a faster, higher quality experience when you do,” Armstrong said
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
