Matthew Mellon held almost all of his fortune in Ripple in cold wallets all around the country, with no one else knowing the codes to the wallets. A cold wallet is a vault that is not connected to the internet for safety measures, to avoid hacks or breaches. Without those codes, his fortune is as good as gone.
Crypto Millionaire Matthew Mellon Dies Leaving More than $500 Million Lost - BTCNN
The cryptocurrency millionaire Matthew Mellon died of a heart attack on May 18, leaving more than 500 million dollars in ripple, that most likely, his family won’t be able to retrieve. The millionaire had faced drug problems since 2009, and supposedly was clean and sober, according to a news report from the Daily Mail. The […]
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