Bitcoin under pressure as $30M from ‘lost’ drug dealer stash hits Coinbase – Details
The Irish drug dealer Clifton Collins is back in the news after Irish authorities recovered more of his seized Bitcoin. Collins acquired approximately 6,000 Bitcoin between 2011 and 2012. In 2017, he was jailed after a drug-related arrest. Before the arrest, he printed his seed phrase and hid it inside a fishing rod. However, the landlord later cleared the house and dumped his belongings in a landfill, including the private keys. In 2026, authorities continued recovering the lost Bitcoin and selling it as proceeds of crime. How much Bitcoin did authorities recover? The Irish authorities successfully recovered 500 $BTC, worth $30.85 million, from Clifton Collins wallet and deposited it into Coinbase. The recent seizure brought the total assets recovered from his wallets to 1,500 $BTC, worth approximately $103 million. At its peak, Collins 6,000 $BTC were worth approximately $757 million. Source: Arkham Despite the recovery effort, Clifton Collins addresses still held 4,500 $BTC worth approximately $276 million. In fact, more than nine addresses remained untouched, and authorities have not confirmed whether the same decryption could apply to future operations. Even so, the recovery suggested authorities could still access dormant wallets under certain circumstances. In addition to Collins, Bitcoin [$BTC] also saw sell-side activity from another long-term investor. Lookonchain reported