Kevin Durant Regains Access to Long-Standing Coinbase Account
NBA star Kevin Durant recovers his locked Coinbase account after a decade, highlighting both the personal story and concerns over Coinbase's customer service practices.
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Fact Check
Multiple sources, including Business Insider and Yahoo Finance, report that Kevin Durant has regained access to his Coinbase account. Crucially, a news brief on Robinhood states that Coinbase itself confirmed that access has been regained. The evidence indicating he cannot access the account appears to be from an earlier point in the news cycle before the issue was resolved.
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Summary
NBA forward Kevin Durant regained access to his Coinbase account, which had been locked for nearly ten years, with the intervention of Coinbase CEO Brian Armstrong. Durant's Bitcoin investment, bought in 2016 for around $650 per coin, has appreciated over 17,700%. This recovery follows concerns over Coinbase's customer support and ongoing issues faced by other users with account access problems.
Terms & Concepts
- Coinbase: A major U.S.-based cryptocurrency exchange platform that allows users to buy, sell, and store digital assets like Bitcoin.
- Bitcoin: The first and most widely recognized cryptocurrency, created in 2009, operating on a decentralized blockchain network.