US EditionBitcoin Worth $35 Million Tied To Drug Dealer Moves After A Decade Of Dormancy, Reports On-Chain Analytics Firm—Who Gained Access?
The Criminal Assets Bureau, aided by Europol’s cybercrime unit, accessed a dormant bitcoin wallet holding 500 BTC linked to drug crime, valued at €30 million.
- On Tuesday, Ireland's Criminal Assets Bureau, in partnership with Europol, confiscated 500 Bitcoin linked to drug dealer Clifton Collins, marking the first time the agency accessed any of 12 virtual wallets seized seven years ago.
- Collins, a former beekeeper, invested drug proceeds into Bitcoin in 2011 and 2012, but stored the access codes in a fishing rod case that was subsequently lost, rendering the assets inaccessible for years.
- The accessed wallet holds Bitcoin valued at an estimated €30 million, while the remaining 11 wallets contain 5,500 BTC valued at €360 million, potentially accessible following technical support from the European Cybercrime Centre.
- On-Chain analytics firm Arkham Intelligence flagged the transfer of 500 BTC to a Coinbase Prime wallet on Thursday, though the Criminal Assets Bureau declined to share additional investigation details.
- This recovery could significantly impact the State's assets, as the Criminal Assets Bureau now raises the prospect that all 6,000 Bitcoin from the original operation may be recovered and sold.
17 Articles
17 Articles
Bitcoin Worth $35 Million Tied To Drug Dealer Moves After A Decade Of Dormancy, Reports On-Chain Analytics Firm—Who Gained Access?
A Bitcoin (CRYPTO: BTC) stash linked to Irish drug dealer Clifton Collins, which was inactive for 10 years and deemed unrecoverable, suddenly moved on
$35,500,000 in Bitcoin Retrieved From Wallet As Irish Authorities Seize Alleged Drug Dealer’s Fortune: Report
Irish authorities have successfully accessed millions in previously locked Bitcoin, marking a major breakthrough in a long-running criminal asset seizure case. According to the Irish Times, Ireland’s Criminal Assets Bureau (CAB), with support from Europol, managed to open one of 12 cryptocurrency wallets seized in 2019. The wallet contained roughly 500 Bitcoin worth about $35.5 million at current prices. The funds had been inaccessible for years…
Irish Police Crack Bitcoin Wallet Tied To 2019 Drug Seizure
Irish authorities have unlocked a seized Bitcoin (BTC) wallet linked to a large-scale drug case. The wallet, containing 500 BTC, had been inaccessible for seven years due to missing private keys, and opens the door to recovering a massive BTC stash from other seized wallets. Irish Police Unlocks Seized Bitcoin Wallet On Tuesday, Ireland’s National Police and Security Services announced that they had gained access to a seized crypto wallet contai…
Following a judicial seizure 7 years ago, the Irish police held 12 Bitcoin wallets representing a total of 6,000 BTC considered to be permanently lost. Yet, its Bureau of Criminal Assets (CAB) has apparently just managed to gain access to one of them, thus releasing 500 of these BTCs into circulation. Is this the beginning of the end of the myth of lost bitcoins? The article Irish police seize 500 BTCs inaccessible for 7 years - Would this be th…
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