KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
Key Facts
In 2023, Estonian banker Rain Lõhmus revealed he lost access to a presale Ethereum wallet containing 250,000 ETH purchased in 2014.
With Ethereum recently topping $4,700, the stash is now valued at ~$1.2 billion, nearly triple its worth in October 2023 when ETH was around $1,600.
The wallet, linked to Lõhmus by Coinbase’s Conor Grogan, remains untouched apart from small dust transactions.
Market Context
Ethereum has surged back to its 2021 highs, buoying speculation and drawing attention to high-profile lost wallets.
Standard Chartered revised its Ethereum price forecast sharply higher:
$7,500 by end-2025
$12,000 in 2026
$18,000 in 2027
$25,000 in 2028 & 2029
Up from its earlier $4,000 target for 2025.
Self-Custody Risks
Lõhmus admitted losing passwords is common for him, highlighting a major weakness in decentralized systems.
Compared the experience to losing access to a small Bitcoin purchase years ago.
Many crypto holders face similar fates — from forgotten passwords to discarded hard drives.
In 2021, a reality TV show even launched to help people search for lost crypto.
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