BlockBeats news, on October 9, Decrypt reported that the Irish Criminal Assets Bureau (CAB) held Bitcoins seized from drug dealer Clifton Collins in 2019, but had been unable to decipher the wallet. The Bitcoins were Stored in 12 wallets, the drug dealer claimed the seed phrase was lost in a break-in. The value of Bitcoin in the wallet has soared from $56 million to $378 million.
Drug dealer Collins first used profits from his drug business to invest in Bitcoin in 2011, when the price was between $0.30 and $29. It ended 2011 trading at $4.72. Drug dealer Collins claims a document containing a Bitcoin wallet seed phrase was hidden in a fishing rod box at a rental property in County Galway but was lost after his home was broken into.