Kevin Durant #35 of the Phoenix Suns appears on throughout the second one part in opposition to the Houston Rockets at PHX Area on March 30, 2025 in Phoenix, Arizona.
Chris Coduto | Getty Photographs
NBA famous person Kevin Durant can’t to find the password to his Coinbase account, which holds bitcoin that he started purchasing in earnest when he was once taking part in for the Blonde Situation Warriors in 2016. His agent couldn’t be happier.
Durant’s quandary has “only benefited” the hoopster, agent Lavish Kleiman stated.
“We’ve yet to be able to track down his Coinbase account info, so we’ve never sold anything, and this bitcoin is just through the roof,” Kleiman stated Tuesday at CNBC’s Game Plan conference in Los Angeles. “It’s just a process we haven’t been able to figure out, but Bitcoin keeps going up … so, I mean, it’s only benefited us,” he stated.
Durant, who will play games for the Houston Rockets this then season, started snapping up bitcoin round 2016, next the U.S. Olympic team legend and Kleiman attended a dinner the place his then-teammates stored discussing the cryptocurrency.
“I just heard the word ‘bitcoin’ 25 times this evening, and the next day, we started investing in bitcoin,” Kleiman stated. The agent didn’t say how a lot bitcoin Durant purchased.
Bitcoin offered for between about $360 and $1,000 again in 2016, in step with CoinGecko. The eminent cryptocurrency is now buying and selling at nearly $116,000, or greater than 11,000% above its absolute best worth the 12 months Durant was once purchasing.
Bitcoin since 2020
Durant has been not able to get right of entry to his Coinbase account for “a few years” because of a “user error on our end,” Kleiman instructed CNBC on Wednesday.
“We’ve already been working directly with the Coinbase team on Kevin’s account recovery, which is why it was easy for me to make a joke about it on stage,” Kleiman stated.
Kleiman stated that he and Durant also are buyers in Coinbase World, and that the corporate “has been a valuable resource in growing our business.” In 2021, the duo’s Thirty 5 Ventures struck a multi-year do business in with Coinbase to advertise the buying and selling platform, which contains growing content material about virtual property for Durant’s sports activities and leisure website online, Boardroom.
Coinbase, in a observation to CNBC, stated its customers can reset their passwords the usage of self-service equipment inside the buying and selling platform’s app. The platform for purchasing, promoting and storing cryptocurrencies additionally has an around-the-clock aid group fielding account fix requests and alternative inquiries, in step with a spokesman.
