According to the report of the blockchain data analysis firm Arkham, the first five crypto whales with public wallet addresses have $3.5 billion in crypto assets. Much of these assets are inaccessible due to lost passwords and private keys. The report also details the holdings of individuals such as Justin Sun of Tron and Vitalik Buterin of Ethereum.
Wealthiest Crypto Owners
Updated data as of April 15 reveals the holdings of the world’s wealthiest crypto owners and whales. Justin Sun leads the list with $1.06 billion in assets, most of which is made up of USDD and Tron. Rain Lõhmus, the founder of Estonian LHV Bank, is second with $769 million worth of Ethereum, but his access to the key is lost, marking the asset as inaccessible.
Other Notable Details
The list also includes other important figures such as Ethereum co-founder Vitalik Buterin, former chief technology officer of Ripple Stefan Thomas, and crypto venture capitalist James Fickel. Thomas is unable to access his $442 million worth of Bitcoin due to a lost password.
Useful Information for Readers
The significant amounts of crypto assets can become inaccessible, especially when passwords and keys are lost. A major risk of owning crypto assets is the loss of private keys. Blockchain technology allows crypto owners to track their assets globally.
In conclusion, the wealth of major players in the cryptocurrency market is often at risk due to accessibility issues, containing important lessons for cryptocurrency users and emphasizing the need to increase security measures.
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