Overview

• Coinbase CEO Brian Armstrong said Friday that Durant’s account recovery was complete after public discussion of the lockout earlier in the week.
• Durant first bought bitcoin in 2016 on Coinbase, when prices were roughly $360 to $1,000 per coin versus about $116,000 to $117,000 now.
• Neither Durant nor agent Rich Kleiman disclosed the size of the holdings, leaving the total value of the recovered coins unknown.
• Kleiman characterized the lockout as user error and said they worked directly with Coinbase on the process, noting their longstanding business ties to the exchange.
• The high-profile resolution drew complaints from users about perceived preferential treatment, and Armstrong pledged a stronger focus on faster, higher-quality customer support.