Estonian Banker’s $469,000,000 Ethereum Fortune Locked Away Forever After Losing Keys – Can Anyone Crack the ETH Wallet?

A crypto puzzle that fascinated the community for months was finally solved this week as Coinbase director Conor revealed the owner of one of the most valuable Ethereum wallets.

In February, Conor highlighted an Ethereum address containing over $469 million worth of ETH and tokens from airdrops. The wallet’s owner initially purchased $75,000 worth of ETH during the 2014 ICO and has simply held the funds since without ever moving them.

The untouched fortune had grown to be worth over 5333x the original investment solely through price appreciation. With no clues about the owner’s identity or if they even still held the keys, the wallet represented one of crypto’s great mysteries.

After months of speculation, Conor shared that the wallet’s owner is Rain Lohmus, founder of LHV Bank in Estonia. Unfortunately, Lohmus lost access to the wallet’s private keys and is unable to access the hundreds of millions in funds.

Lohmus has offered to split the fortune with anyone who can somehow help recover the lost keys. So far, the funds remain stranded in the wallet, taunting their owner.

This dormant wallet highlights the immense rewards early cryptocurrency adopters have reaped simply from buying and holding assets. But it also serves as a cautionary tale about properly securing private keys.

Read also:

Lohmus’ absentminded handling of his keys cost him access to a once-in-a-lifetime fortune. As cryptocurrency continues entering the mainstream, stories like this emphasize the need for education on protecting and managing private keys for novices.

For now, the $450 million remains locked away indefinitely until Lohmus finds a way to regain access. The saga of this whale wallet exemplifies both the potential upsides and pitfalls of cryptocurrency.

Check $RECQ Meme Coin

Sponsored: Invest Responsibly, Do Your Own Research.
Serves as the base currency for all transactions within the Rebel Satoshi platform
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!