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Kevin Durant Regains Access to Bitcoin After Nearly a Decade
- NBA forward Kevin Durant regained access to his Bitcoin after being locked out of his Coinbase account for nearly a decade.
- During this period, the price of Bitcoin increased by over 17,700%.
- Coinbase CEO Brian Armstrong confirmed the account recovery via social media.
- The issue was highlighted during CNBC’s Game Plan conference, where Durant's business partner, Rich Kleiman, mentioned their ongoing difficulties with accessing the account.
- Durant initially purchased Bitcoin in 2016 at approximately $650 per coin. It is now valued near $116,000.
- Durant and Kleiman have investments in Coinbase and promote it through their media outlet, Boardroom.
- This incident occurs amidst broader frustrations from Coinbase users regarding account access and customer support issues.
- Armstrong stated that Coinbase is prioritizing improvements in customer support.