$500 Million In Ripple (XRP) Possibly Lost Forever after Billionaire Owner Dies Unexpectedly

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$500 Million In Ripple (XRP) Possibly Lost Forever after Billionaire Owner Dies Unexpectedly

Tue May 29, 2018 1:51 pm

The recent sudden death of Crypto Billionaire, Mathew Mellon, has raised questions about what happens to our crypto-assets when we die. Most of these assets are locked away in mobile apps, online exchanges and wallets and the occasional hardware wallet. Our wallet passwords, pass-codes, mnemonic phrases and digital keys are only known to ourselves. Perhaps we can live with the thought of only around $2,000 being lost when we die, but what if this amount is approximately $500 Million worth of Ripple (XRP)?

Well, this amount in XRP was the estimated value of the XRP held by Mathew Mellon before his death back in mid April. The circumstances leading to his death have not been announced, but he was en route to Mexico to seek assistance in overcoming substance abuse. Anyone who has first hand experience in addiction knows that it takes a lot of ‘guts’ to admit you need help and seek it. Mr. Mellon can be lauded for trying to make his life better during his last days.


https://ethereumworldnews.com/500-milli ... xpectedly/

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