Recent insights from Arkham, a blockchain intelligence firm, showcase the financial status of the richest crypto individuals. The top ten individuals boast holdings close to $4 billion.
However, the individuals lost a notable fraction of these assets as they lost access to private keys.
Who Are Richest Crypto Personalities?
Justin Sun, the founder of the Tron network, stands at the pinnacle with an impressive $1.06 billion in his crypto wallet. His portfolio is heavily weighted towards his own stablecoin, Decentralized USD (USDD), which constitutes $276 million. Additionally, he owns $237 million in Tron’s native token, TRX.
Next in line is Rain Lõhmus, the co-founder of Estonia’s LHV Bank, with Ethereum holdings valued at $774 million. Sadly, these assets are unreachable because the private key is missing.
Read more: What is a Private Key in Crypto?
“Perfect decentralization has other risks that you don’t usually think about. But it’s very common for me to lose passwords. I went to renew my ID card passwords today; if it were crypto, I’d be in a big crisis again, but luckily the police and border police work,” Lõhmus said.
Vitalik Buterin, co-founder of Ethereum, is third with a wallet totaling $764 million, predominantly in Ethereum tokens. His extensive assets reflect the intrinsic value of native cryptocurrencies to their creators.
The issue of inaccessible assets persists with Stefan Thomas, former Ripple CTO. The private key for his Bitcoin wallet, worth $444 million, is locked in an encrypted hard drive. In August 2023, BeInCrypto reported that Thomas had only two password attempts to access over 7,000 Bitcoin.
Diogo Monica, who founded a start-up for crypto recovery, points out that many seasoned investors struggle with private key security. Chainalysis supports this claim, estimating that the Bitcoin holders lost a fifth of all circulating BTC in inaccessible wallets.
Moreover, according to Conor Grogan, a senior Coinbase executive, investors lost access to approximately 912,296.82 ETH (~ $2.82 billion) worth of ETH.
Nonetheless, James Fickel, a veteran crypto venture capitalist, completes the top five with a portfolio of $440 million. His adept investment strategies showcase his expertise in the volatile crypto market.
Patricio Worthalter, the founder of a blockchain-based protocol, ranks sixth. Meanwhile, pseudonymous addresses – luggisdoteth, smartestmoney, and 0xVladilena- are also among the top 10 richest crypto wallets.
Read more: How To Make Money With Intel-To-Earn on Arkham Intelligence
Another individual, Winslow Strong ranks 9th with $27 million worth of crypto.
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