Posted 11/7/2023, 6:03:20 AM
Estonian Bank Founder Loses Access to $470 Million in Ethereum from Forgotten Wallet Password
- Rain Lõhmus, founder of LHV Bank, lost the keys to a wallet containing 250,000 ETH worth $470M
- Lõhmus bought the ETH during the initial coin offering for $75,000 when ETH was around 30 cents
- At ETH's peak price, Lõhmus' stash was worth over $1B with $6.5M in airdrops
- Lõhmus says he commonly loses passwords and can't access the funds alone
- Lõhmus is willing to give someone a cut if they can somehow help him recover the keys