Kevin Durant Reclaims Locked Bitcoin on Coinbase
NBA star Kevin Durant has reclaimed his long-locked Bitcoin on Coinbase after nearly a decade of being locked out due to 2FA and account recovery issues. The holdings, purchased around 2014 at $400–$1,000 per BTC, now exceed $115,000 each. He worked closely with Coinbase support, providing proof of identity to complete the recovery. Coinbase CEO Brian Armstrong confirmed the successful Bitcoin recovery via X, highlighting enhanced account security protocols and a pledge to deliver faster, higher-quality crypto support. The case underscores the importance of secure backup measures, robust Bitcoin account recovery processes, and proper 2FA key management. Traders should note that improved crypto support and stronger security measures can boost user confidence in exchanges and market stability, reinforcing bullish sentiment for Bitcoin.
Bullish
The successful recovery of a large Bitcoin holding by Kevin Durant, backed by Coinbase’s improved account recovery process and security protocols, may drive bullish sentiment. In the short term, the event highlights Coinbase’s enhanced support, potentially attracting new users and reducing hesitation. While large recoveries can sometimes lead to sell pressure, Durant’s engagement with support rather than a direct sale limits immediate downside risks. In the long term, stronger security and recovery measures can boost user confidence in custodial platforms, reinforcing market stability and supporting sustained demand for Bitcoin.