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Salomon Brothers Completes ’Abandoned’ Crypto Wallet Notifications – What It Means for the Market

Salomon Brothers Completes ’Abandoned’ Crypto Wallet Notifications – What It Means for the Market

Author:
Coindesk
Published:
2025-08-07 11:29:53
20
2

Salomon Brothers Say It Has Completed Process of Notifying 'Abandoned' Crypto Wallets

Wall Street's quiet giant just dropped a blockchain bombshell.

Salomon Brothers—yes, the same firm that survived the 2008 meltdown by becoming 'too big to fail'—has officially wrapped up notifying owners of forgotten crypto wallets. Because nothing says 'financial responsibility' like letting digital assets gather dust for years.

The Ghost Wallet Reckoning

This isn't your average 'check your couch cushions' reminder. We're talking about institutional-grade custody solutions that somehow still managed to lose track of assets. The irony? These same firms charge premium fees to 'safeguard' your coins.

Why This Matters Now

With Bitcoin flirting with new ATHs and regulators breathing down everyone's necks, abandoned wallets represent both a compliance headache and potential market catalyst. Every recovered satoshi could mean fresh selling pressure—or renewed institutional interest.

One thing's certain: in crypto, even the ghosts of portfolios past can come back to haunt the market. And Wall Street? They'll still take their cut either way.

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