Kevin Durant #35 of the Phoenix Suns appears on through the second half 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 cannot discover the password to his Coinbase account, which holds bitcoin that he started shopping for in earnest when he was taking part in for the Golden State Warriors in 2016. His agent could not be happier.
Durant’s predicament has “solely benefited” the hoopster, agent Wealthy Kleiman mentioned.
“We have but to have the ability to monitor down his Coinbase account information, so we have by no means bought something, and this bitcoin is simply via the roof,” Kleiman mentioned Tuesday at CNBC’s Game Plan conference in Los Angeles.
“It is only a course of we have not been in a position to determine, however Bitcoin retains going up … so, I imply, it is solely benefited us,” he mentioned.
Durant, who will play for the Houston Rockets this upcoming season, started snapping up bitcoin round 2016, after the U.S. Olympic team legend and Kleiman attended a dinner during which his then-teammates stored discussing the cryptocurrency.
“I simply heard the phrase ‘bitcoin’ 25 occasions this night, and the subsequent day, we began investing in bitcoin,” Kleiman mentioned. The agent didn’t say how a lot bitcoin Durant purchased.
Bitcoin bought for between about $360 and $1,000 again in 2016, in accordance with CoinGecko. The main cryptocurrency is now buying and selling at virtually $116,000, or greater than 11,000% above its highest worth the yr Durant was shopping for.
Bitcoin since 2020
Durant has been unable to entry his Coinbase account for “a couple of years” resulting from a “consumer error on our finish,” Kleiman advised CNBC on Wednesday.
“We have already been working straight with the Coinbase group on Kevin’s account restoration, which is why it was simple for me to make a joke about it on stage,” Kleiman mentioned.
Kleiman mentioned he and Durant are additionally traders in Coinbase World, and that the corporate “has been a helpful useful resource in rising our enterprise.” In 2021, the duo’s Thirty 5 Ventures struck a multiyear cope with Coinbase to advertise the buying and selling platform, which incorporates creating content material about digital belongings for Durant’s sports activities and leisure web site, Boardroom.
Coinbase, in an announcement to CNBC, mentioned its customers can reset their passwords utilizing self-service instruments inside the buying and selling platform’s app. The platform for getting, promoting and storing cryptocurrencies additionally has an around-the-clock assist group fielding account restoration requests and different inquiries, in accordance with a spokesman.
