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Updated · pluang.com · Aug 27Ireland's CAB Seizes 500 Bitcoin Worth $38 Million From Drug Dealer's Wallet
3 articles · Updated · pluang.com · Aug 27Summary
- $38 million in Bitcoin was moved by Ireland's Criminal Assets Bureau from a decade-old wallet tied to cannabis dealer Clifton Collins.
- The transfer covered 500 BTC and marked the fourth known recovery from Collins' stash, bringing total seizures to 2,000 BTC worth about $155 million.
- The case traces back to Bitcoin linked to Collins' drug dealing and a lost fishing rod, an unusual detail in the long-running asset recovery effort.
Insights
How did authorities unlock millions in Bitcoin years after the private keys were lost in a discarded fishing rod? With thousands of Bitcoin still missing, what secret methods are cyber police using to crack supposedly unrecoverable wallets? Does the sudden recovery of this massive dormant crypto stash expose a fatal flaw in early Bitcoin wallet security?