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Topic: Ripple enthusiast with $1 billion in XRP dies - nobody has keys/passwords ! - page 3. (Read 439 times)

legendary
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I have seen senior members giving many tips about this, most of them emphasized on storing the private keys in paper and keeping them very safe somewhere with very restricted access, so that we can make sure only someone trusted gets them.

It is sad to read this news, but I don't think a man who have 1 billion USD worth XRP is stupid enough not to make sure it does not go waste.

Firstly very sad news a family man (with wife and children died). There seem to be some issues surrounding alleged drug abuse and so on but he was a father, husband and son. I feel for his family and friends.

The idea floated around was that because he was spending money on drugs and was not in the country at the time and was not exactly an old man, that he did not make an up to date will and last testament. It also seems he never gave his crypto keys or their location to anybody.
brand new
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There is a topic in the serious discussion forum about this exact thing.

https://bitcointalksearch.org/topic/getting-access-to-btc-in-event-of-death-4290183

I think it is something that needs to be addressed in some kind of formal manner. I'm surprised there is no service or product designed to specifically tackle this problem yet.
sr. member
Activity: 647
Merit: 274
I have seen senior members giving many tips about this, most of them emphasized on storing the private keys in paper and keeping them very safe somewhere with very restricted access, so that we can make sure only someone trusted gets them.

It is sad to read this news, but I don't think a man who have 1 billion USD worth XRP is stupid enough not to make sure it does not go waste.
legendary
Activity: 2534
Merit: 1713
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Matthew Mellon was a man with a reported $1 billion of Ripple (XRP). Sadly he died but nobody from his attorney to his friends to his family are in possession of his keys or passwords to access his crypto:
https://www.tweaktown.com/news/62046/ripple-enthusiast-1-billion-xrp-dies-unexpectedly/index.html

What do you think is the best way to ensure you can leave your crypto-assets behind for your family in the event of your death BUT not let anybody have access to those crypto-assets while you are alive?
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