Kevin Durant regains access to Bitcoin held in Coinbase account

NBA Mega Star Kevin Durant has reduced access to its Coinbase account, the Crypto Exchange Giant confirmed to Decrypt Via e -mail on Thursday.

During a broader discussion about the business interests of Durant on Tuesday CNBCs Game planning in Los Angeles, the player of the player, Rich Kleiman, made light of his customer’s inability to log in to the account that he opened almost 10 years ago.

Since 2021, the 36-year-old Durant, who will play for the Houston Rockets this season, has held a deal Coinbase To promote the brand.

Since 2017, he and Kleiman have also been investors in the company up to and including 35V, the investment fund they have founded.

In a statement that was forwarded to decode from Coinbase, Kleiman said that he and Durant “had worked directly with the Coinbase team on Kevin’s account Recovery, that was why it was easy for him” to make a joke about it on stage. “

“It was a user error on our side and the process is clearly out of the leap,” he said. “Our partnership includes almost ten years and Coinbase has been a valuable source when growing our company.”

Durant bought his first Bitcoin at the end of 2016, shortly after a birthday party organized by Ben Horowitz, co-founder of the risk capital company Andreessen Horowitz, where visitors to Bitcoin made a central subject.

Durant had just become a member of the Golden State Warriors, where he would win an NBA championship the next spring. “The entire Warriors team came, and at the end of that night I had something like:” Kevin, I heard the word Bitcoin 25 times tonight “and the next day we started investing in Bitcoin,” Kleiman said the audience of the game plan.

But to laugh, Kleiman told the audience that Durant had not been able to “track down his Coinbase account information.”

“It’s just, it’s insane. It is real:” Oh, you, you really don’t have the password? ” We really don’t have it, “Kleiman said, although he will get it.

Bitcoin traded at around $ 600 when Durant made his first acquisitions. The largest cryptocurrency by market capitalization was recently traded at around $ 117,100, according to Crypto data provider Coingecko. Bitcoin has risen more than 950% in the last five years.

Durant, the seventh most important scorer in the NBA history, is one of an increasing series of high-profile professional athletes who have become Bitcoin investors and advocates investments in digital assets.

NBA players, Cleveland Cavaliers Center Tristan Thompson, who has organized a crypto-oriented podcast, has unveiled a new web3 project on Thursday–Built on the Somnia Layer-1 platform–The aim is to improve the interactive experiences of basketball fans with the competition.

And Spencer Dinwiddie van Charlotte Hornets, who received his introduction to Bitcoin 12 years ago, tried to Tokenize in 2019. The NBA Nixte later the idea.

Decrypt has contacted the boardroom, a sports, media and entertainment company and brother or sister to 35v.