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Cryptocurrency News by Tradecoind2
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[QUOTE="tradecoind2, post: 327800, member: 103239"] [HEADING=2]Revealing the identity of the mysterious holder of 250,000 ETH from ICO 2014 but lost the private key[/HEADING] Blockchain detective Lookonchain reported that the mysterious holder in possession of 250,000 ETH from the 2014 Ethereum ICO has been identified. The investigator cited Conor Grogan, Coinbase’s director of product strategy and business operations, on the matter. [MEDIA=twitter]1721807002832429548[/MEDIA] [HEADING=1][B]$437 million in ETH locked due to lost wallet keys[/B][/HEADING] Data shared by Grogan in a recent tweet shows that he has identified the anonymous whale that purchased approximately $77,500 worth of ETH. Grogan commented that the cryptocurrency is completely unaffected and that not a single transfer has been made from it since 2014. Hodler turned out to be the founder of Baltic-based LHV Bank Rain Lohmus. Apparently, he lost his private key and was unable to transfer ETH or convert it to fiat money. To date, the ETH he holds is worth about 437 million USD – witnessing a growth of 5,333 times. Grogan mentioned that if someone can help him get back these hundreds of millions, he is willing to pay a generous reward: “If you can help him get them back somehow, he’s willing to share them with you.” [MEDIA=twitter]1721618040968900969[/MEDIA] [HEADING=1][B]A total of nearly 910,000 ETH was lost forever[/B][/HEADING] Summing up his recent estimates, Conor Grogan stated that the total amount of Ethereum that has been lost forever with a very low chance of recovery is currently 886,000 ETH – equivalent to over $1.63 billion. With a few additional addresses added, the total lost Ether increases to 909,800 ETH worth over $1.73 billion – which is over 0.75% of the entire circulating supply of Ethereum on the market. [HEADING=1][B]Largest ETH outflow from CEX[/B][/HEADING] As reported by onchain data provider IntoTheBlock earlier, over the past week, centralized cryptocurrency exchanges have seen their largest Ethereum outflows since August. In total, over $210,000,000 worth of Ethereum was transferred by investors to self-custodial wallets. One possible reason for this is that investors plan to hold ETH for the long term, which is best done in one’s own wallet rather than holding the digital currency on cryptocurrency exchanges. From Sunday to Monday this week, the second largest cryptocurrency, Ethereum, saw a small growth of 3.13%, reaching $1,914. However, within the past 24 hours, ETH has failed to hold that level. Instead, the cryptocurrency fell 1%, currently trading at $1,875. [B]Source:[/B] [URL unfurl="true"]https://tradecoind2.com/revealing-the-identity-of-the-mysterious-holder-of-250000-eth-from-ico-2014-but-lost-the-private-key/[/URL] [/QUOTE]
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