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The CEO of the KeychainX cryptocurrency portfolio recovery service Robert Rodin said that investors lost about $ 100 billion due to the loss of access to digital asset storages. He also noted that his company is helping people generate income by using funds that were thought to be lost.
KeychainX works with all crypto wallets, but most applications come from holders of Bitcoin (BTC), Solana (SOL), Cardano (ADA), Ethereum (ETH), and Dogecoin (DOGE).
Rodin said that recently, customers have been increasingly coming to them because of problems with Face ID (face unlocking) on their smartphones. In addition, users forget to back up their data, and when they restart their devices, they lose access to cryptocurrency storages.
Relatives of deceased people who have accumulated a certain amount of digital currency during their lifetime, but have not given the keys to their wallets to KeychainX, also contact KeychainX.
To make sure that the customer who contacts them is really the owner of virtual assets (or heir), access to which has been lost, the company carefully studies its history, as well as the data provided to them. After that, a confidentiality agreement is signed, which sets out the conditions for the refund. At the moment, the volume of assets under management (AUM) in encrypted portfolios managed by KeychainX is approaching $ 2 billion.
The Americans Chris and Charlie Brooks from New Hampshire are also involved in recovering lost passwords to crypto wallets. To do this, they created the Crypto Asset Recovery self-service platform. At the same time, experts noted that people will never be able to return most of the lost digital assets (90-95%).
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