Posted 11/7/2023, 7:41:27 PM
Estonian banker loses access to Ethereum wallet with $450 million in ETH
- Estonian banker reveals he owns Ethereum wallet with 250K ETH worth $450 million but lost the keys
- Wallet identified as 4th largest ETH holding excluding exchanges, Ethereum Foundation, and wETH address
- Banker says he hasn't made much effort to find the lost keys, asks for help to recover access
- Notes that losing crypto keys is a weak point of the system compared to traditional finance
- Says he frequently loses passwords, proving risky for crypto versus just renewing normal IDs