A Coinbase Executive Discovers $322k in Forgotten Ether for Crypto Investor
A Coinbase executive, Conor Grogan, recently came across a lucky crypto investor who had unknowingly held $322k worth of Ether. This same person had previously lost their life savings in a hack. Grogan shared this incredible story on Twitter, detailing his unexpected discovery and subsequent mission to find the rightful owner.
Key Points:
- The person had forgotten about their investment, which is not uncommon as investors often forget about funds they have on-chain.
- Grogan searched through the Ethereum Classic (ETC) rich list and found about 20 targets with significant ETC balances that had not been touched.
- After encountering several dead ends, Grogan discovered a unique coin called EOSDAC that had been airdropped on the Ethereum blockchain in 2018.
- Grogan learned that the wallet owner had their life savings stolen by a hacker in 2019 and was involved in legal battles with their cybersecurity provider and Bitfinex.
- Grogan successfully identified the wallet holder and recovered the funds, receiving a generous tip in return.
Hot Take:
This story highlights the importance of regularly checking and keeping track of your investments. It’s incredible to think that someone could forget about such a substantial amount of money. It also shows the power of blockchain technology and how it can help uncover hidden assets. Grogan’s dedication and resourcefulness in tracking down the rightful owner is commendable and ultimately led to a happy ending for the investor.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.