- Rain Lhmus, founder of LHV Bank in Estonia, has been identified as the owner of a dormant Ethereum wallet containing 250,000 ETH worth $470 million. Lhmus lost the private keys and can no longer access the funds.
- The wallet has been inactive since Ethereum’s inception in 2014. Lhmus invested $75,000 during the ICO which grew over 5,000 times in value. He also received $65 million in airdrops.
- Lhmus is seeking help from the crypto community to regain access to the wallet and recover his lost fortune, which ranks among the top 25 ETH accounts. He acknowledges owning the wallet but hadn’t prioritized recovering it until now.
In a surprising turn of events, a dormant Ethereum wallet containing 470 million dollars worth of ETH has been linked to Rain Lhmus, the founder of LHV Bank in Estonia. Lhmus has lost the private keys and is seeking help from the crypto community to regain access. This article explores the details behind this dormant fortune and Lhmus’ plea for assistance.
LHV Bank Founder Rain Lhmus Identified as Wallet Owner
In February 2023, Conor Grogan, a director at Coinbase, drew attention to an Ethereum wallet that had been inactive since the blockchain’s inception in 2014. The wallet contained 250,000 ETH, worth over $470 million at the time.
On November 6th, Grogan revealed the wallet address 0x2B60Ffb9 belongs to LHV Bank’s founder, Rain Lhmus. Lhmus admitted in an ERR News interview that he lost the password to access the substantial funds in the wallet. Grogan shared this news with the crypto community, stating Lhmus unfortunately misplaced his private keys.
The Details of the Untouched Ethereum Wallet
As Grogan highlighted, the 0x2B60Ffb9 address has remained untouched since Ethereum’s early days, without a single transaction. During the ICO, Lhmus invested around $75,000, growing over 5,000 times in value. He also received $65 million worth of altcoins from airdrops.
At ETH’s peak price of $4,900 in November 2021, Lhmus’ wallet was worth $1.22 billion. Even today, his wallet has gained 628,757% in value, ranking among the top 25 ETH accounts. This massive sum highlights Lhmus’ prominence as the founder of Estonia’s third-largest bank, LHV Bank.
Lhmus Seeks Help to Regain Access
According to Lhmus’ interview with ERR News, he acknowledged owning the wallet but hadn’t prioritized recovering it until now. With over $470 million at stake, Lhmus has expressed willingness to work with anyone who can help him regain control of his lost crypto keys and fortune.
The crypto community is abuzz with interest in this long-dormant wallet and its mysterious owner. It remains to be seen whether Lhmus will find a way to recover his vast wealth stored for years on the Ethereum blockchain. For now, his massive crypto stash remains locked away, inaccessible without the private keys.