- Kevin Durant regained access to his Coinbase Bitcoin account nearly 10 years after purchase.
- Coinbase CEO Brian Armstrong announced the account recovery completion on X.
- Durant and his agent, Rich Kleiman, initially invested in Bitcoin after hearing about it at a party hosted by Ben Horowitz.
- Bitcoin purchased in 2016 has increased in value from $1,000 to $115,480, a rise of over 11,000%.
- Some Coinbase customers report ongoing account recovery issues, prompting the company to address customer service improvements.
NBA player Kevin Durant has regained access to his dormant Bitcoin holdings purchased through Coinbase nearly a decade ago, according to an announcement by Coinbase CEO Brian Armstrong on Thursday. The account recovery follows a long period during which Durant was unable to access his cryptocurrency due to lost credentials.
“We got this fixed. Account recovery complete!” Armstrong posted on X. Durant shared the story of the lost account earlier in the week at the Gameplan Summit in Santa Monica, explaining that he and his agent, Rich Kleiman, originally discovered Bitcoin in 2014 or 2015 after viewing YouTube videos. Despite initial hesitation from their business manager, both moved forward with investments after a party hosted by venture capital co-founder Ben Horowitz where Bitcoin was discussed.
“And fortunately, 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,” Kleiman said. In 2016, Bitcoin’s price ranged from $400 to $1,000, as reported by CoinGecko. As of now, Bitcoin trades at about $115,480, an increase exceeding 11,000% since 2016. Neither Durant nor Kleiman, who are also early investors in Coinbase through their joint venture Thirty Five Ventures, have disclosed the size of their Bitcoin holdings.
The news of Durant’s account access led to responses from other Coinbase users, some expressing frustration over similar account-lockout problems. One user posted, “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,” on X.
In response to user complaints, Armstrong shared that the company is working on improving customer support. “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 stated in a follow-up post. Account recovery on platforms like Coinbase typically requires specific details, such as two-factor authentication codes or access to the original email.
Durant will play for the Houston Rockets this season and remains an early investor in both Bitcoin and Coinbase.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- FTX Bankruptcy Estate to Distribute $1.6B to Creditors Sept. 30
- Trump to Impose $100,000 Fee on H-1B Visas, Overhaul Process
- Giant Gold Trump Bitcoin Statue Unveiled Outside U.S. Capitol
- Russia Adds ‘International Satanism Movement’ to Terror Blacklist
- $8M Bet on Lord Miles’ Desert Fast as Death Rumors Swirl
