NBA forward Kevin Durant has regained access to his bitcoin after being locked out of his Coinbase account for nearly a decade. During this time, the price of BTC surged by over 17,700%.
“We got this fixed. Account recovery complete,” shared the Coinbase CEO in response to a viral tweet regarding Durant’s access issues.
This recovery follows discussions between Durant and his business partner about the lockout at RialCenter’s Game Plan conference. “It’s just a process we haven’t been able to figure out,” they mentioned. However, they acknowledged, “bitcoin keeps going up… so, I mean, it’s only benefited us.”
Durant purchased bitcoin in 2016 after learning about it from former teammates on the Golden State Warriors. At that time, bitcoin traded between $360 and $1,000, and Durant is estimated to have bought in around $650 per coin.
The current price is approximately $116,000, according to CoinMarketCap data. Neither Durant nor his partner disclosed the size of his holdings.
Both Durant and his partner are investors in Coinbase and have endorsed the company through their media platform, Boardroom.
This situation has sparked frustration among some Coinbase users who claim to have experienced similar issues accessing their accounts or obtaining customer support. The CEO acknowledged these concerns on social media, stating that the company is focusing on improving customer support.
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