NBA star Kevin Durant can't unlock his Coinbase bitcoin account. His agent is thrilled

NBA superstar Kevin Durant can't find the password to his Coinbase account, which holds bitcoin that helium began buying successful earnest erstwhile helium was playing for the Golden State Warriors successful 2016. His cause couldn't beryllium happier.

Durant's predicament has "only benefited" the hoopster, cause Rich Kleiman said.

"We've yet to beryllium capable to way down his Coinbase relationship info, truthful we've ne'er sold anything, and this bitcoin is conscionable done the roof," Kleiman said Tuesday astatine CNBC's Game Plan league successful Los Angeles.
"It's conscionable a process we haven't been capable to fig out, but Bitcoin keeps going up … so, I mean, it's lone benefited us," helium said.

Durant, who volition play for the Houston Rockets this upcoming season, began snapping up bitcoin astir 2016, aft the U.S. Olympic squad legend and Kleiman attended a meal wherever his then-teammates kept discussing the cryptocurrency.

"I conscionable heard the connection 'bitcoin' 25 times this evening, and the adjacent day, we started investing successful bitcoin," Kleiman said. The cause did not accidental however overmuch bitcoin Durant bought.

Bitcoin sold for betwixt astir $360 and $1,000 backmost successful 2016, according to CoinGecko. The starring cryptocurrency is present trading astatine astir $116,000, oregon much than 11,000% supra its highest terms the twelvemonth Durant was buying.

Bitcoin since 2020

Durant has been incapable to entree his Coinbase relationship for "a fewer years" owed to a "user mistake connected our end," Kleiman told CNBC connected Wednesday.

"We've already been moving straight with the Coinbase squad connected Kevin's relationship recovery, which is wherefore it was casual for maine to marque a gag astir it connected stage," Kleiman said.

Kleiman said that helium and Durant are besides investors successful Coinbase Global, and that the institution "has been a invaluable assets successful increasing our business." In 2021, the duo's Thirty Five Ventures struck a multi-year woody with Coinbase to beforehand the trading platform, which includes creating contented astir integer assets for Durant's sports and amusement website, Boardroom.

Coinbase, successful a connection to CNBC, said its users tin reset their passwords utilizing self-service tools wrong the trading platform's app. The level for buying, selling and storing cryptocurrencies besides has an around-the-clock enactment squad fielding relationship betterment requests and different inquiries, according to a spokesman.