Estonian banker Rain Lõhmus is once again heartbroken! 250,000 ETH Private Keys have been lost, currently worth 1.2 billion USD.

Estonian banker Rain Lõhmus claims that due to losing his private key, 250,000 Ether has been "permanently locked up," with the wallet's current market capitalization approaching $1.2 billion. (Background: Bitcoin surged 10 times, but he couldn't access it! A Taiwanese netizen lost 1.5 BTC due to a lost private key, offering a bounty of 360,000 for a solution) (Additional background: Cold Wallet Trezor warns: hackers impersonate official communications for phishing attacks; do not share your wallet's private key) This is actually old news, but as the price of Ethereum returns to its peak, let's revisit the tragedy of Estonian banker Rain Lõhmus. He publicly stated that he spent $75,000 during the Ethereum presale in 2014, acquiring 250,000 ETH, and now with ETH prices back to 2021 highs, it’s worth about $1.2 billion. However, because the private key has been lost, this massive amount of Ethereum has turned into an unredeemable "on-chain stone." The lost Ethereum private key Lõhmus publicly stated in 2023 that the private key has long been out of his hands, admitting that he "usually loses passwords." I often forget passwords. I just went to update the password for my ID today; if that were for cryptocurrency, I would be in a big crisis again. According to on-chain data from Arkham Intelligence, his wallet that stored the Ethereum had never transferred large amounts of ETH apart from occasional test transactions. On August 14, when ETH surged to $4,700, his wallet value suddenly skyrocketed to $1.2 billion, yet no one could access it. If he were an ordinary office worker with a mediocre income, he might be feeling suicidal. The case of Rain Lõhmus has become a collective lesson for crypto investors; losing a private key is not just a personal tragedy, it also quietly rewrites the price structure on the supply and demand side. Faced with the freedom brought by decentralization, investors not only hope for price increases but must also bear full responsibility for key storage because, on-chain, there is no customer service and no "forgot password" button to remedy the situation. Related reports: $240 million BTC suspected to be stolen "4064 Bitcoins lost" who is the victim? Analyst: crazy money laundering Guizhou female official "Big Data Director" secretly mined 327 Bitcoins! The official denies it is just corruption. <Estonian banker Rain Lõhmus heartbroken again! 250,000 ETH private key is lost, now worth $1.2 billion> This article was first published in BlockTempo "Dynamic Trend - The Most Influential Blockchain News Media."