Irish drug dealer tells police that keys of up to $ 56 million have been lost in confiscated BTC

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Dubliner Clifton Collins, recently imprisoned for drug trafficking, claims that robbers had taken over the $ 56 million keys in Bitcoin (BTC) that the Irish Supreme Court had decided to seize.

After achieving more than 6,000 BTC in 2017, Collins decided to take out insurance against hackers by spreading the cryptocurrency over 12 newly created accounts. For example, he transferred 500 BTC in each of them, the Irish Times reported in February. 21. From the time of printing, each wallet would be worth around $ 4.87 million.

Collins then printed the keys for all of his 12 BTC accounts on a piece of paper, which he says he had stored in an aluminum cap of his fishing rod case. He kept this in a house that he rented in County Galway, Ireland. However, when he was arrested in 2017 for trafficking in cannabis, there was probably a burglary at the scene.

Moreover, the landlord asked to evacuate the house and throw away many of Collins’ items. The dump workers confirmed to the police that they had seen the discarded rod, but the dump was further shipped to Germany and China. The fishing rod with the keys for Collin’s BTC account is apparently never found.

Worth mentioning, a number of alleged witnesses – including those who cleared the house, the landlord and those who helped Collins spread his BTC on the new bills – told the police the same details about what had happened to the rented house and the fishing rod.

Collins recorded the news about the loss and said it was a punishment for his own stupidity.

The cryptocurrency world has witnessed a series of cases with lost codes for users’ digital portfolios. Notorious Canadian crypto exchange QuadrigaCX lost the keys for cold wallets with a assets of $ 145 million in digital assets. The founder of the stock market, Gerry Cotten, who was supposedly the only controller of the wallets and associated keys, suddenly died during a trip to India. After his death, neither the officials, the wife of Cotten, nor the monitor ordered by the court – Big Four audit firm Ernst & Young – were able to find the keys.

Self-proclaimed Bitcoin maker, Craig Wright, has since been sued in a lawsuit on behalf of the legacy of Dave Kleiman, Wright’s late business partner, since 2018. The claim claimed that after Kleiman’s death in 2013, Wright unlawfully committed more than a million BTC that the duo had dug together in the early years of the cryptocurrency, as well as a number of related intellectual property.

In the end, Wright claimed that he had no key for the list of BTC addresses that had stored money in an encrypted file.

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Notes: 0Audience: 3227Registration: 11-07-2018

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