NBA star Kevin Durant has regained access to his Coinbase account after 10 years without access. His Bitcoin has risen in value by over 11,000%.
Kevin Durant regains access to his Bitcoin on Coinbase
It’s been almost a decade since NBA star Kevin Durant lost access to his Coinbase account. He now has control of his Bitcoin assets again.
The exchange’s CEO Brian Armstrong announced the successful account recovery on Thursday night at X:
“We’ve fixed everything. Account recovery is complete!”
How it all began
At the Gameplan Summit in Santa Monica, Durant said he first heard about Bitcoin in 2014-2015 from a YouTube video. He became interested and, together with his agent Rich Kleiman, decided to invest.
At first, their business manager was against it, but after a party at venture capitalist Ben Horowitz’s (a16z) house, they bought BTC the next day.
Kleiman joked:
“We couldn’t find Durant’s Coinbase login, so we didn’t sell anything. And now his Bitcoin is just space.”
Price growth and silence about the amount
Durant and his agent did not disclose exactly how much Bitcoin they bought. But the scale of the increase is obvious: in 2016, BTC fluctuated between $400 and $1,000, and now it is trading at ~$115,500. That’s over +11,400% growth.
Criticism of Coinbase
The news caused a reaction among X users. Many recalled their own unsuccessful attempts to restore their accounts. One user wrote:
“There are thousands of people who are still locked out. Your support services have let us down.”
Armstrong acknowledged the problems and promised changes: “We are committed to improving support – both products and service.”
