LHV Bank Founder Loses Access to $473M in ETH

LHV Bank founder, Rain Lohmus, loses access to a dormant $473M ETH wallet. Mystery surrounds the wallet's origin as the crypto community speculates on potential recovery.

This article is authored by an independent contributor.

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Posted on Nov 6, 2023

A crypto wallet containing a staggering $473M worth of Ethereum (ETH) has been tentatively linked to Rain Lohmus, founder of LHV Bank. The wallet, established during the 2014 ICO with a $75,000 investment, has never been used for a single transaction, adding an air of mystery to the situation.

The connection was made by @jconorgrogan who observed correlations after an interview in which Lohmus mentioned losing access to a wallet with 250k ETH. Despite the wallet's significant growth to over $400 million and receiving $6.5 million in airdrops, Lohmus expressed in the interview that he has lost the keys and is unable to recover the funds.

The identified wallet, associated with the address 0x2b6ed29a95753c3ad948348e3e7b1a251080ffb9, remains a topic of intrigue in the crypto community. Lohmus, in the interview, conveyed a willingness to collaborate with anyone who can help him regain access, with an offer to share the recovered funds with those who assist in the process.