Participants in the 2014 Ethereum (ETH) presale lost access to the $1.1 billion cryptocurrency.
Crypto Asset Recovery analyzed information on 8,893 wallets whose owners purchased Ethereum at a discount of 2,000 ETH per bitcoin. Experts found out that 630 addresses remained inactive since the moment of purchasing coins, that’s why coins stored on them were considered as lost.
According to Crypto Asset Recovery, the 630 wallets hold 532,426 ETH worth $1.1 billion at current exchange rates. Each crypto wallet holds an average of 845 coins worth $1.8 million.
The Williams family couple from Washington, D.C. were among the investors who could not withdraw virtual currency from their wallets. The Americans claim they received an incorrect cryptocurrency login file from the Ethereum Foundation and lost $6.3 million worth of Ethereum.
Crypto Asset Recovery helps restore access to cryptocurrency wallets. The firm’s employees make a list of possible passwords and their elements with the client and then try to find out the right password by brute force. If successful, the company deducts a fee of 20% of the value of the unlocked digital assets.