The Irish Criminal Assets Bureau (CAB) is facing challenges in accessing €350 million ($383 million) worth of Bitcoin that was seized from a former drug dealer, Clifton Collins. The cryptocurrency is stored in 12 separate wallets and has become a point of contention for the Irish agency, which has been unable to unlock the assets for over five years since the initial seizure. Collins had invested in Bitcoin during its early years and opted to secure his growing wealth by distributing it across multiple virtual wallets. After a break-in at his home, Collins claimed he never saw the case again, which has left the bureau sitting on a digital fortune it cannot unlock. The value of the seized assets has risen from €53 million at the time of seizure to €350 million, highlighting the increasing financial stakes involved.
Source: <span style="font-weight: 400;">wallets</span>