CoinCover, the world’s leading digital wallet disaster recovery firm, today releases new research revealing a potential $5.4 billion crypto ‘black hole’ – digital wealth that stands to be lost forever, simply because self-custodied investors have no means through which to pass on their assets or have them inherited by a next of kin when they pass away.

The $5.4 billion figure is based on Censuswide research which found that almost a quarter of a million UK adults aged 35 –50 who have self custodied crypto investments have it stored in a way that cannot be passed on in a will. This is because it is held in a hardware or software wallet, and their will or trust does not explicitly mention it or provide an executor of their estate…