Ethereum

Bank AI

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 <p class="is-style-lead">A Coinbase executive says a dormant Ethereum <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> holding over $470 million worth of ETH belongs to the LHV Bank founder.</p>
 <p>A digital <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> holding 250,000 ETH, which has been in dormancy since Ethereum’s ICO back in 2014, allegedly belongs to Rain Lõhmus, the co-founder of Estonia-based LHV Bank.</p>
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    <p lang="en" dir="ltr">One mystery solved: This address (which now holds $450M of crypto) belongs to Rain Lohmus, founder of LHV Bank<br><br>Unfortunately he lost his keys and can't access these 100s of millions. If you can help him recover them somehow, he's willing to split them with you https://t.co/wYLAU9gKzb pic.twitter.com/0A1nIjFSyn</p>— Conor (@jconorgrogan) November 6, 2023
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 <p>In an X post on Nov. 6, Coinbase director Conor Grogan <a rel="noopener noreferrer nofollow" title="linked" href="https://thebittimes.com/tag/linked.html">linked</a> the 0x2B6…0Ffb9 address to the Estonian entrepreneur, citing an article by ERR News where Lõhmus revealed that he had lost the password to his <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> holding 250,000 ETH (over $473 million, as of press time).</p>
 <p>In the interview, Lõhmus said he’s willing to “take all offers” from those who can help him recover 250,000 ETH.</p>
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  <p>“My own best plan is to build Rain Lõhmus as an AI and see if he can get his memories back.”</p> <cite>Rain Lõhmus, the co-founder of Estonia-based LHV Bank</cite>
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 <p>As Grogan noted in an X post on Feb. 26, 2023, the 0x2B6…0Ffb9 address has been holding his investments since 2014, without making a single transaction.</p>
 <p>During Ethereum’s ICO, Lõhmus spent around $75,000 to purchase ETH, making more than 5,000x on his investments. He also received nearly $6.5 million worth of altcoins distributed via airdrops. According to Etherscan, Lõhmus’ <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> is in the top 25 accounts in terms of ETH balance.</p>
 <p>Founded in 1999, LHV Bank is a subsidiary of AS LHV Group, a public company listed on the Nasdaq Tallinn Stock Exchange. The bank is the third-largest financial institution in Estonia.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/inactive-250k-eth-wallet-is-probably-linked-to-estonian-major-bank-tbt69323.html">https://thebittimes.com/inactive-250k-eth-wallet-is-probably-linked-to-estonian-major-bank-tbt69323.html</a></p>

Inactive 250k ETH wallet is probably linked to Estonian major bank

TheBitTimes

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