RATE Group | Irish drug baron loses £46mln Bitcoin stash
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Irish drug baron loses £46mln Bitcoin stash

28 Feb Irish drug baron loses £46mln Bitcoin stash

Posted at 15:05h in Bitcoin News by

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A look at some recent major events and movements in crypto markets and the wider blockchain industry

This month’s Tales from the Crypto (TFTC) brings something of a lesson in Bitcoin storage. If you’re going to write down your account details, make sure they can’t get disposed of at any moment.

It is a lesson learned by Irish drug dealer Clifton Collins, who stashed an A4 piece of paper listing the details of several accounts containing Bitcoin worth around £46mln in a fishing rod case.

However, following his arrest and subsequent imprisonment for cannabis possession in 2017, Collins’ landlord, from whom he was renting a house in County Galway, threw out his belongings including the fishing rod case containing the account codes.

Without the codes, the accounts containing the loot cannot be accessed, meaning one of the largest hauls for Ireland’s Criminal Assets Bureau is impossible for the authorities to retrieve.

For his part, Collins appears to have come to terms…

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