An #Estonian banker is now sitting on $570 MILLION and can't move a single cent because he had lost his password
Rewind back to 2014 Rain Lõhmus, the founder of Estonian bank LHV, bought $75,000 in the #Ethereum ICO and received 250,000 $ETH
at 30 cents per coin
He stored it in a presale wallet, locked it with a password and never touched it again
The wallet has been dormant ever since, holding even more ETH than Vitalik Buterin himself
In 2023 Coinbase exec Conor Grogan publicly tagged the address as Lõhmus's and asked the internet for help
Lõhmus went on Estonian radio days later and admitted it saying "it's no secret I have a wallet with 250,000 Ethereum, anyone can calculate for themselves what it's worth"
He has publicly offered to split the funds 50/50 with anyone who can crack the wallet and said his best remaining plan is to "build an AI version of myself and see if it can recover my memories"
The wallet is worth $570 million today and peaked at $1.2 BILLION in 2021