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Estonian Banker's Lost Ethereum Wallet Now Holds Over $1 Billion in ETH

Summary by decrypt.co
Two years after Rain Lõhmus admitted he lost access to a presale wallet, the stash is now worth over a billion, at least on paper.
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4 Articles

Rain Lõhmus, an Estonian banker, sees his fortune grow without being able to touch it. He holds a portfolio containing 250,000 ETH, but he no longer knows the password. The rise in the prices made billionaire, in theory only. The article This banker would be billionaire if he still had access to his Ethereum portfolio (ETH) appeared first on Cryptoast.

He bought 250,000 Ethereums for 0.31 cents apiece. Then he lost the private keys – and more than a billion US dollars. Source: BTC-ECHO BTC-ECHO

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decrypt.co broke the news in New York, United States on Thursday, August 14, 2025.
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