A drug dealer who amassed a €55 million fortune in the cryptocurrency bitcoin has lost the codes to access the accounts after hiding them with his fishing rod, which has now gone missing. The Criminal Assets Bureau (Cab) has confiscated the 12 online accounts, or wallets, containing 6,000 bitcoin. He decided to spread his wealth across 12 new accounts and transferred exactly 500 bitcoin, worth almost €4.5 million, into each of them. Collins then printed out the codes for the 12 accounts onto an A4 piece of paper. Collins had much smaller amounts of bitcoin in other accounts, valued at €1.5 million, that the Cab has been able to access.

Source: The Irish Times February 21, 2020 01:52 UTC