The founder of Estonia-based LHV Bank, Rain L\u00f5hmus, has been revealed as the owner of a massive 250,000 Ether (ETH) stash bought during the Ethereum ICO, which is now worth an eye-watering $470 million.\u00a0<\/p>\n
There’s only one problem. He no longer has the keys.\u00a0<\/p>\n
In February, Coinbase director Conor Grogan highlighted a Ethereum whale wallet containing some $470 million worth of ETH, untouched since the blockchain\u2019s genesis. <\/p>\n
In an Nov. 6 update on X (Twitter), Conor highlighted L\u00f5hmus\u2019 comments in a recent interview that now tie him to the $470 million worth of trapped ETH.<\/p>\n
\u201cOne mystery solved,\u201d wrote Grogan who shared an excerpt of an Oct. 31 ERR News report on an earlier Vikerraadio <\/strong>interview with L\u00f5hmus.<\/p>\n \u201cUnfortunately he lost his keys and can’t access these 100s of millions. If you can help him recover them somehow, he’s willing to split them with you,\u201d Grogan added.<\/p>\n According to ERR\u2019s report, L\u00f5hmus said it was \u201cno secret\u201d he owned a wallet with 250,000 ETH which he lost the password to and hasn\u2019t made much effort to recover.<\/p>\n \u201cI can’t solve this alone; if someone thinks they can, I’ll take all offers,\u201d L\u00f5hmus said.<\/p>\n