RATE Group | Drug dealer loses codes for €53.6m bitcoin accounts
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Drug dealer loses codes for €53.6m bitcoin accounts

21 Feb Drug dealer loses codes for €53.6m bitcoin accounts

Posted at 02:38h in Bitcoin News by

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A drug dealer who amassed a €55 million fortune in the cryptocurrency bitcoin has lost the codes to access the accounts after hiding them with his fishing rod, which has now gone missing.

The Criminal Assets Bureau (Cab) has confiscated the 12 online accounts, or wallets, containing 6,000 bitcoin. However, The Irish Times has learned the accounts cannot be accessed because the codes are missing.

It means the €53.6 million monetary value of the bitcoin inside them, which is the biggest case in the Cab’s 25-year history, is out of the bureau’s reach.

Garda officers said they were hopeful advances in technology would one day enable them to access the bitcoin so it could be sold.

Clifton Collins (49), originally from

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