Kevin Durant #35 of the Phoenix Suns seems on in the course of the second half in opposition to the Houston Rockets at PHX Area on March 30, 2025 in Phoenix, Arizona.
Chris Coduto | Getty Photographs
NBA famous person Kevin Durant cannot discover the password to his Coinbase account, which holds bitcoin that he started shopping for in earnest when he was enjoying for the Golden State Warriors in 2016. His agent could not be happier.
Durant’s predicament has “solely benefited” the hoopster, agent Wealthy Kleiman stated.
“We have but to have the ability to monitor down his Coinbase account data, so we have by no means bought something, and this bitcoin is simply by the roof,” Kleiman stated Tuesday at CNBC’s Sport Plan convention in Los Angeles.
“It is only a course of we have not been ready to determine, however Bitcoin retains going up … so, I imply, it is solely benefited us,” he stated.
Durant, who will play for the Houston Rockets this upcoming season, started snapping up bitcoin round 2016, after the U.S. Olympic workforce legend and Kleiman attended a dinner the place his then-teammates saved discussing the cryptocurrency.
“I simply heard the phrase ‘bitcoin’ 25 occasions this night, and the following day, we began investing in bitcoin,” Kleiman stated. The agent didn’t say how a lot bitcoin Durant purchased.
Bitcoin bought for between about $360 and $1,000 again in 2016, in line with CoinGecko. The main cryptocurrency is now buying and selling at virtually $116,000, or greater than 11,000% above its highest worth the yr Durant was shopping for.
Bitcoin since 2020
Durant has been unable to entry his Coinbase account for “a number of years” on account of a “consumer error on our finish,” Kleiman informed CNBC on Wednesday.
“We have already been working instantly with the Coinbase workforce on Kevin’s account restoration, which is why it was simple for me to make a joke about it on stage,” Kleiman stated.
Kleiman stated that he and Durant are additionally traders in Coinbase International, and that the corporate “has been a invaluable useful resource in rising our enterprise.” In 2021, the duo’s Thirty 5 Ventures struck a multi-year cope with Coinbase to advertise the buying and selling platform, which incorporates creating content material about digital belongings for Durant’s sports activities and leisure web site, Boardroom.
Coinbase, in a press release to CNBC, stated its customers can reset their passwords utilizing self-service instruments throughout the buying and selling platform’s app. The platform for getting, promoting and storing cryptocurrencies additionally has an around-the-clock assist workforce fielding account restoration requests and different inquiries, in line with a spokesman.
