NBA forward Kevin Durant is once again able to access Bitcoin after being locked out of his Coinbase account for nearly a decade. Meanwhile, BTC prices have risen by more than 17,700%.
“We fixed this. Account recovery is complete,” Coinbase CEO Brian Armstrong posted to X, responding to a virus tweet about Durant’s access issues.
The recovery comes days after Durant and his business partner Rich Clyman discussed the lockout at a CNBC game plan meeting. “It’s just a process that we couldn’t understand,” Kleiman said. Still, he said, “Bitcoin continues to rise… so I just benefited us.”
Durant bought Bitcoin in 2016 after hearing about it from people at the time of the Golden State Warriors. At the time, Bitcoin was traded between $360 and $1,000, and it is estimated that Durant bought it for around $650 per coin.
It is currently hovering for nearly $116,000, according to CoinmarketCap data. Neither Durant nor Clyman revealed the size of his holdings.
Durant and Kleiman are Coinbase investors and promote the company through the boardroom, a media outlet.
This episode comes amid growing frustration among Coinbase users who claim to be facing similar issues gaining account access and help from customer support. Armstrong acknowledged criticism of social media, saying the company is “a big focus” on improving customer support.
