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Bitcoin Stash With Reportedly Lost Keys Suddenly Moves After 10 Years

A Bitcoin wallet linked to convicted Irish drug dealer Clifton Collins has suddenly moved $41.52 million worth of BTC to Coinbase Prime after more than a decade of inactivity.

Bitcoin Stash With Reportedly Lost Keys Suddenly Moves After 10 Years
U.Today
AI summary

A Bitcoin wallet tied to convicted Irish drug dealer Clifton Collins moved roughly $41.52 million in BTC to Coinbase Prime after more than ten years dormant, despite reports that the keys had been lost. The transfer revives a case where authorities had seized the coins, raising questions about who controls the funds and whether they will be sold. Traders may watch for exchange inflows and potential selling pressure, though the amount is modest relative to daily BTC volume.

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