Irish drug dealer’s lost 500 BTC reawakens after 10 years, likely moved by police
A wallet linked to Irish drug dealer Clifton Collins moved 500 BTC after a decade of dormancy, likely seized by Irish police.Summary
On-chain analysts detected a transfer of 500 BTC, valued at $35 million, from a wallet associated with Irish drug dealer Clifton Collins, which had been inactive for 10 years. The funds were quickly distributed, with $13.5 million sent to Coinbase Prime. The Garda Síochána's Criminal Assets Bureau (CAB), with Europol's assistance, announced the seizure of a 500 BTC wallet identified as proceeds of crime, strongly suggesting the police orchestrated the movement. Collins, who amassed roughly 6,000 BTC by purchasing it cheaply in 2011-2012, had hidden the private keys in a fishing rod case, which was lost during his imprisonment. The CAB previously seized some of his bitcoin in 2020, increasing the likelihood that this recent movement is a police-led recovery of the long-lost assets.
(Source：The Block)