It was a case of lost and discovered bitcoin. This time, it’s not a garbage dump, but a complex maze of blockchain.
NBA star Kevin Durant has regained control of his Coinbase account, which reportedly remained inactive for about a decade.
The account opened after a 2016 dinner when Bitcoin was discussed and until this week it failed to reach Durant and his business partner, Rich Clyman.
Coinbase CEO Brian Armstrong confirmed X recovery.
Locked funds that were disqualified
Based on the report, this issue was summarised in Loss of Login Details. Kleiman told reporters that Holdout was the result of a “user error.” In other words, Bitcoin remained untouched while the market was moving dramatically.
At the time of its original purchase, Bitcoin was trading at around $600 per coin. That figure is in stark contrast to the 2025 price, rising above $117,000 per coin.
This has been fixed. Your account has been recovered! https://t.co/twyfpqkxsb
– Brian Armstrong (@brian_armstrong) September 19, 2025
The pair did not access or sell the shares they held because they were unable to sign in. Inactivity left virtually a static position as the market value of the asset has risen over the years.
The report reveals that the exact numbers (the number of coins sitting in that account and the total current value) remain personal.
How recovery was confirmed
Reports show that Coinbase staff worked through account recovery procedures with Durant’s team. Brian Armstrong’s post to X was quoted confirming that the exchange has completed the recovery process.
An official statement from Kleiman suggests that the issue was assembled as an administrator rather than technical, and standard ID checks and support channels were used.
BTCUSD trading at $115,607 on the 24-hour chart: TradingView
There is no source that published the exact steps taken during recovery. Coinbase has not released an itemized timeline for its actions.
That silence leaves room for questions about how long it took to reestablish access after such a long dormancy and what documents were needed.
Durant’s Crypto entry dates back to a 2016 dinner hosted by venture capitalist Ben Horowitz. There, subjects appeared repeatedly, urging them to open the Coinbase account that Durant and Kleiman later made headlines.
It remains unknown
The public account still doesn’t have some important details. Neither Durant nor Kleiman have revealed the number of Bitcoins in their accounts.
The original amount invested has not been confirmed either, but the low $600 per coin price at the time of purchase means it was held many times due to its value today.
Meta featured images, TradingView chart
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