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Details: ht
The Billion-Dollar Crypto Tragedy
Rain Lõhmus, that Estonian banking guy, tossed $75,000 into Ethereum's ICO back in 2015. Got himself 250,000 ETH. Big deal, right? By September 2025, that pile turned into something like a billion dollars. Crazy stuff 🚀
But here's the kicker - he can't touch a cent of it. Not one.
Lõhmus founded LHV Group. Banking bigshot across the Baltics. Yet somehow he lost his private keys right after buying all that ETH. Just... gone. Check the blockchain yourself if you don't believe it. That address sits untouched for over a decade now. Kind of makes you wince, doesn't it? 💔
The numbers are staggering. His investment multiplied about 13,000 times. Seems like one of the biggest locked fortunes in crypto history 🔥
He built LHV Group from nothing since 1999. Successful guy. But there's this shadow life - this parallel fortune he can see but never reach. Just sitting there. Taunting him. The crypto world doesn't forgive key management mistakes. Not even for banking experts 🌕
The story keeps circulating. Web3 folks tell it over and over. It's not entirely clear if Lõhmus has made peace with it. But his mistake teaches us something powerful about crypto's double-edged nature - incredible opportunity meets absolute finality ⛓️