pull down to refresh

245 sats \ 10 replies \ @SimpleStacker 18 Sep \ on: NBA star Kevin Durant can’t unlock his Coinbase bitcoin account. bitcoin

"Self custody is not everyone"

Looks like custodial is not for everyone either.

write
preview
124 sats \ 2 replies \ @Undisciplined 18 Sep

Should have gone double custodial

reply
118 sats \ 1 reply \ @SimpleStacker 18 Sep

maybe he accidentally signed up with one of his burner accounts

reply
120 sats \ 0 replies \ @Undisciplined 18 Sep

A distinct possibility

I don’t actually know how those accounts work. It’s surprising to me that they don’t have enough internal documentation to find his bitcoin.

I wonder if he’s mistaken about which exchange he used.

reply
120 sats \ 6 replies \ @kepford 18 Sep

This sounds like a nonsense story to me. Am I supposed to believe someone like him can't get Coinbase to give him access?

reply
10 sats \ 0 replies \ @stackt0shi 18 Sep

Official Coinbase Statement: "We kinda thought he just forgot about it. But don't worry, we know where to get some more."

reply
0 sats \ 3 replies \ @Wumbo OP 18 Sep

Coinbase, probably just wants to keep collect fees on the account forever.

reply
21 sats \ 2 replies \ @kepford 18 Sep

What does that even mean?

reply
0 sats \ 1 reply \ @Wumbo OP 18 Sep

I don't use coinbase, so I am just making guess (that could be incorrect.)

The thought that came to my mind was, putting aside the possible bad PR (from the cnbc story) I would think Coinbase would rather have the BTC under their management vs it leaving the exchange. And therefor they may could be less then helpful in recovering an user account.

I don't know if they charge a monthly fee or not but I wonder what their abandon asset policy is and does it favor CoinBase or the customer?

reply
10 sats \ 0 replies \ @kepford 18 Sep

To my knowledge they do not charge for anything but transactions. Been a long time since I have used the platform though.

I think there is something else going on here though. This sounds like nonsense that he can't get into his account.

reply
0 sats \ 0 replies \ @kepford 18 Sep
“We’ve already been working directly with the Coinbase team on Kevin’s account recovery, which is why it was easy for me to make a joke about it on stage,” Kleiman said.
reply