The identity of the individual who lost the keys to a wallet containing 250,000 ETH on the Ethereum blockchain has been revealed

• Nearly one million Ethereum (ETH) has been permanently lost, including 250,000 ETH purchased during the Ethereum ICO by a major investor.
• Blockchain sleuth @lookonchain has identified the holder of the 250,000 ETH, who is Rain Lohmus, the founder of LHV Bank.
• Unfortunately, Lohmus has lost the private keys to his ETH and is unable to access or convert it.
• The value of the ETH he holds is now approximately $437 million.
• Conor Grogan, director of product strategy and business operations at Coinbase, has offered a generous reward to anyone who can help recover the lost ETH.
• In total, an estimated 886,000 ETH, worth over $1.63 billion, has been lost forever, representing over 0.75% of the total Ethereum supply in circulation.
• Additionally, a significant amount of Ethereum has recently been moved from centralized exchanges to self-custody wallets, indicating a trend towards long-term holding.

Learn more: U.today