- Kevin Durant regained access to his Coinbase Bitcoin account after nearly ten years.
- During the time Durant was locked out, bitcoin prices rose more than 17,700%.
- Coinbase CEO Brian Armstrong confirmed the account recovery on social media.
- Durant originally purchased bitcoin in 2016 at about $650 per coin, which now trades close to $116,000.
- Other users have reported similar challenges accessing their crypto accounts, prompting Coinbase to focus on customer support improvements.
NBA forward Kevin Durant has recovered access to his bitcoin holdings on Coinbase after being locked out of his account for almost a decade. The account recovery was completed following a prolonged period during which bitcoin prices surged significantly.
Coinbase CEO Brian Armstrong confirmed the successful recovery on X, formerly known as Twitter, stating, “We got this fixed. Account recovery complete.” This response came after a tweet about Durant’s access issues gained widespread attention.
The situation was addressed just days after Durant and his business partner, Rich Kleiman, spoke about the account lockout at CNBC’s Game Plan conference. According to Kleiman, “It’s just a process we haven’t been able to figure out,” but he added, “bitcoin keeps going up… so, I mean, it’s only benefited us.”
Durant purchased bitcoin in 2016 following recommendations from his then-teammates on the Golden State Warriors. At that time, the price for bitcoin ranged from $360 to $1,000, with Durant estimated to have bought in around $650 per coin. The price of bitcoin currently stands near $116,000, according to CoinMarketCap data. Both Durant and Kleiman have chosen not to disclose the amount of bitcoin owned.
Additionally, Durant and Kleiman are investment partners in Coinbase and have promoted the company through their media platform, Boardroom.
The episode happens as some Coinbase users have raised concerns over difficulties in regaining access to their accounts and receiving customer service help. Armstrong responded on social media, noting the company is “putting a big focus” on strengthening customer support services.
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