A cryptocurrency millionaire named Matthew Mellon recently died of a heart attack. He left more than 500 million USD in Ripple, which most likely, his family won’t be able to retrieve. After facing drug problems and then supposedly being clean and sober, the crypto millionaire died on April 16th.
What’s most frustrating for everyone at this point is that Mellon’s investments will be left untouched. He was known for backing up Ripple in its early days – a cryptocurrency known for its utility for banking transactions.
Back in the day, Mellon stated:
“CRYPTO IS SCARY AND DARK. IT’S ANTI-AMERICA. I AM PRO-AMERICA, PRO-BUSINESS AND PRO-BANK. THAT’S WHY I WENT WITH RIPPLE.”
Mellon held almost all of his fortune in Ripple in cold wallets all around the country. No one else knows the codes to his wallets – which are basically vaults that are not connected to the Internet for safety measures – all in order to avoid hacks or breaches.
According to some reports, there is a little hope remaining. Mellon supposedly hid some of the codes in banks all over the USA. Still, to date, his family has been unable to retrieve the funds.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]