Overview

• Coinbase CEO Brian Armstrong said Friday that Durant’s account recovery was complete, days after the story surfaced at CNBC’s Game Plan conference.
• Durant began buying bitcoin in late 2016 after a dinner where the topic dominated conversation, according to agent Rich Kleiman.
• Bitcoin traded between roughly $360 and $1,000 in 2016 and is now around $116,000 to $117,000, representing massive appreciation.
• Kleiman attributed the lockout to user error and said they worked directly with Coinbase; Durant and Thirty Five Ventures have invested in Coinbase and signed a multi-year promotional deal in 2021.
• Neither Durant’s camp nor Coinbase disclosed the size of his holdings, and Armstrong also pledged improvements to Coinbase’s customer support as users shared recovery complaints.