Kevin Durant, the NBA forward, has regained access to his bitcoin after being locked out of his Coinbase account for almost ten years. During this period, the value of BTC skyrocketed by over 17,700%.
Coinbase CEO Brian Armstrong announced on X that the issue had been resolved with a tweet stating, “We got this fixed. Account recovery complete,” in response to a popular post about Durant’s difficulties accessing his account.
This resolution occurred shortly after Durant and his business partner Rich Kleiman addressed the lockout at CNBC’s Game Plan conference. Kleiman remarked on their struggles with account recovery but added optimistically that “bitcoin keeps going up… so it’s only benefited us.”
Durant initially invested in bitcoin back in 2016 after hearing about it from teammates while playing for the Golden State Warriors. At that time, bitcoin was valued between $360 and $1,000; estimates suggest he purchased around $650 per coin.
Currently, its price is approximately $116,000 according to CoinMarketCap data. However, neither Durant nor Kleiman revealed how much bitcoin they hold.
The duo are also investors in Coinbase and have actively promoted the platform through their media venture known as Boardroom.
This incident highlights ongoing frustrations among some Coinbase users who have reported similar challenges when trying to regain access or receive assistance from customer support. Armstrong acknowledged these concerns via social media and mentioned that improving customer support is a top priority for the company.