Bitcoin · Coinbase · CryptoSlate
Irish drug lord’s lost Bitcoin fortune comes back to life as $41 million moves to Coinbase
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A Bitcoin wallet linked to convicted Irish drug dealer Clifton Collins moved about $41.5 million after a decade of inactivity.
Key facts
- The transfer marks the fifth movement of 500 BTC from Collins-linked wallets this year, bringing the total to 2,500 BTC, worth approximately $208 million at Bitcoin's price of around $83,157
- In March, Ireland's Criminal Assets Bureau (CAB), working with Europol's European Cybercrime Center, announced it had accessed a wallet containing 500 BTC, then worth about €30 million
- The receiving address subsequently redistributed the funds across 42 outputs, including 40 transfers of exactly 10 BTC
- Collins, a former security guard and cannabis cultivator, accumulated approximately 6,000 BTC between 2011 and 2012 using proceeds from drug dealing
Summary
01 A wallet linked to Irish drug dealer Clifton Collins moved another 500 BTC worth $41 million after nearly 11 years of inactivity. 02 The transfer brings Collins-linked Bitcoin movements to 2,500 BTC worth $208 million, reviving a fortune once thought lost in a landfill. 03 Another 3,500 BTC worth $291 million remains, while questions persist over who controls the funds and whether further recoveries are possible. Blockchain analytics firm Arkham Intelligence reported that 500 BTC moved on Oct. 20 from an address associated with Collins to a wallet it identifies as a Coinbase Prime deposit.