Newsletter IconGoogle IconFacebook IconX IconThreads IconInstagram IconYouTube Icon
Giveaway: GAMDIAS ATLAS P1 Case, HELIOS 750W PSU, and BOREAS Digital CPU Cooler

Ripple enthusiast with $1 billion in XRP dies unexpectedly

One man with a reported $1 billion of Ripple (XRP) dies, loses it all with no one knowing his passwords to access it.

Facebook IconX IconReddit Icon
Comments
Published
Updated
45-second read time

Matthew Mellon was already wealthy before the super-powered rise of Bitcoin and all of the other cryptocurrencies, but did you know that he invested $2 million of his fortune into XRP? Mellon has just died unexpectedly, leaving all of his BTC, XRP, and other cryptocurrencies stranded with no way to access them without their respective wallet passwords.

Ripple enthusiast with $1 billion in XRP dies unexpectedly | TweakTown.com

Mellon spent $2 million buying XRP because he liked that the Ripple team was working within the banking system, where at the time he said: "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".

Popular Now: Rockstar's next game after GTA 6 is already confirmed, but it isn't Red Dead Redemption 3

At the peak of XRP, Mellon's bag of Ripple was worth $1 billion and his family cannot find the password to access the funds. Mellon, up until his death, was spending $7 million a month before he was found dead in his Mexico hotel room on April 16. Mellon made a name for himself in fashion, and then made his first billion with XRP, but struggled with drug addiction throughout his life.

Mellon leaves behind a wife and three children.

Join Our Newsletter

Join the TweakTown Newsletter for daily tech updates delivered to your inbox.

See previous giveaways.

News Sources:time.com and telegraph.co.uk

Comments

Stay Updated

Follow TweakTown for breaking tech news, reviews, and daily updates.

Follow TweakTown on GoogleAdd TweakTown as a preferred source on Google
Newsletter Subscription