Arkham Intelligence recently revealed the list of the largest whales in the crypto industry, with their combined net worth in cryptocurrency amounting to $3.5 billion. Justin Sun, founder of the Tron network, was placed at the top with his net worth in digital assets valued at $1.1 billion.
The list also included Ethereum cofounder Vitalik Buterin, who holds $782 million, and James Fickel, whose net worth in cryptocurrency totals $446 million. Sun was at the top of the list, followed by Rain Lohmus, founder of LHV Bank, who has a stash of $793 million.
However, the data by Arkham Intelligence shows that Rain has no access to the funds due to losing the private keys to the cryptocurrency wallet. Rain is said to hold 250,000 ETH tokens in the inaccessible wallet, which he received during the initial coin offering of Ethereum (ETH) held in 2014. At the moment, Rain is offering to share a portion of the funds with whoever can help him recover it.
Former Chief Technology Officer (CTO) of Ripple (XRP) network Stefan Thomas follows Vitalik in the list and holds a whopping $452 million in digital assets. However, he was cut off from the funds after forgetting the password to the iron key hard drive, which contains the private keys to his wallet. The wallet contains over 7,000 BTC coins, which he received in 2011 as payment for creating educational content about Bitcoin (BTC) when it was still in its early stages.
In 2023, Unciphered, a crypto-security firm, offered to break into the hard drive and recover the private keys, but Stefan refused. Instead, he employed the services of a cyber security firm and an independent researcher to help him recover his lost coins.
The combined funds of Lohmus Rain and Stefan Thomas, which are $1.24 billion, are now inaccessible to two of the largest whales in the crypto industry. While the current nature of the crypto industry regarding security makes recovering the lost assets bleak, there are possibilities that these experts could leverage state-of-the-art technology to break into this high-powered safe.
ETFSwap (ETFS) LandMark Crypto Presale Brings In More Ethereum Whale Investors
ETFswap (ETFS) is an Ethereum blockchain platform that fills the gap between decentralized and traditional finance by merging elements of the two worlds with blockchain technology. Exchange-traded funds (ETFs) recently became more popular in the crypto industry with the approval of the Spot Bitcoin ETFs by the US Security and Exchange Commission (SEC).
As a result of this newfound popularity, ETFswap (ETFs) aims to make these assets more accessible to traders in the crypto industry by creating tokenized versions on the blockchain. The tokenized versions will directly represent the traditional ETFs on-chain, allowing traders to invest and track their progress easily from the comfort of a decentralized platform.
At the heart of the platform is ETFS, its native token, which will serve the purpose of utility and governance in its ecosystem. Only users who hold this token can access the unique features on this platform, so it is important to get in on the ETFS presale.
Currently, ETFSwap (ETFS) is offering the token at its Stage 1 presale event at $0.00854 per coin. Individuals who take the initiative of buying the token at stage 1 will make a profit when stage 2 starts at a higher price of $0.01831.
Crypto whales, aware of these undervalued assets, are already buying up large amounts of the tokens as they move to attain their full potential, with over 19.5 million tokens already sold.
For more information about the ETFS Presale:
Disclaimer: Cryptocurrency investment is a high-risk activity in a volatile market. Any financial and crypto market information in this article is for informational purposes only and should not be treated as investment advice. Conduct your research and consider consulting financial experts before making any investment decisions.
