Rhodin’s response to the question of what amount of cryptocurrency is the biggest his company has ever recovered revealed that while there are over $100 billion currently lost in cryptocurrency, KeychainX has retrieved not less than 7 figures worth, with assets under management (AUM) in encrypted wallets close to $2 billion. For secure payments you can try the online platform bitcoin lifestyle
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Lastly, a rapidly growing number of clients are relatives of a deceased family member who left a crypto fortune after them that the relatives have no idea how to recover. The second category includes clients who recently bought some coins but never backed up their wallets. There are 3 categories including early investors who had a wallet for a very long time and suddenly realized the few hundred dollars were now worth millions. KeychainX’s potential customers include all crypto wallet owners who have lost their keys. to Switzerland in November, they’ve also started to develop a patent-pending keyless crypto wallet. But after recently relocating from the U.S. KeychainX’s main focus is to recover lost cryptocurrencies from people all around the world. Shortly after, a friend of Rhodin’s from Los Angeles was looking for a business idea to invest in, and after they heard about these wallet issues, they decided to invest in a seed round. The issues the users had were not only forgotten passwords but also various bugs and discontinued releases.
People were clueless about what to do with the Ethereum (ETH) presale wallets, Wallets, and old Multibit classic wallets. After going through different forums, he realized it wasn’t just his friend, and it wasn’t only a Ledger problem. Speaking on the genesis of KeychainX and the forms of services the company offers, the CEO, Robert Rhodin told Cointelegraph that the existence of his company started in 2017 when a friend’s Ledger stopped working and they asked him to help them recover 150 ETH. Quite popular also is the story of a Newport man ‘James Howell’ who lost an accumulated 8000 Bitcoin he had left on a disk drive in the trash.īoth Virtualcoin and Howell will probably be happy clients of a wallet recovery service created in 2017 called KeychainX. Virtualcoin wrote, “If somebody’s losing his wallet, he’s not able to get back his coins, is he?” “They’re lost forever,” the poster wrote. Many crypto pros would likely remember the story of the 2010 post on an online forum by a newbie named Virtualcoin who complained about Bitcoin being risky.
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