Kevin Durant regained access to a Coinbase account opened nearly ten years ago after Coinbase completed an account recovery process, confirmed by CEO Brian Armstrong. The restored account contains Bitcoin purchased in late 2016, now worth multiples of his original investment.
Kevin Durant Coinbase account recovered
Durant bought Bitcoin in late 2016 (~$650); holdings now valued near $117,000 per coin.
Coinbase CEO Brian Armstrong confirmed the recovery after a public inquiry at CNBC’s Game Plan conference.
Kevin Durant Coinbase account recovery confirmed — Coinbase restored access to Bitcoin bought in 2016; read the full update and implications.
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What happened with Kevin Durant’s Coinbase account?
Kevin Durant’s Coinbase account recovery was confirmed by Coinbase CEO Brian Armstrong after Durant’s team reported a years-long login issue at CNBC’s Game Plan conference. Coinbase completed its recovery process and restored Durant’s access to Bitcoin bought in late 2016.
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The issue surfaced when Durant’s business partner, Rich Kleiman, said Durant had been unable to log in for years. Coinbase later addressed the public query and confirmed the recovery. No evidence of funds being moved was reported during the inaccessible period.
Front-loaded value:recovering the account returns direct control over assets purchased roughly a decade ago. Bitcoin bought in late 2016 at about $650 per coin would now trade near $117,000 per coin, magnifying the value of those early purchases.
At Durant’s entry price, a $10,000 investment in late 2016 would now be worth approximately $1.8 million based on the $117,000 per-coin figure. Even a single coin purchased then would have appreciated into six-figure territory.
Durant and partner Rich Kleiman invested in Coinbase through their 35V firm in 2017 and later signed a marketing agreement that made Durant a public ambassador for the exchange. Despite those ties, the recovered assets were purchased prior to the partnership.
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