So Ireland's Criminal Assets Bureau just woke up another 500 BTC ($38M) from a wallet that's been dead since 2016. The coins belong to some weed dealer named Clifton Collins – the same guy who supposedly hid his seed phrase in a fishing rod that conveniently went missing. This is the fourth time they've pulled coins out, bringing the total to 2,000 BTC ($155M). And no, they still haven't found that rod. Sure, Jan.
▪️ 500 BTC moved on Aug 28 from a P2PKH wallet created on Jan 23, 2016 – first transaction in over a decade. Back then BTC was $382, now it's $38M. Nice timing.
▪️ CAB has now recovered 2,000 BTC ($155M) out of the 6,000 BTC Collins claimed he had. The other 4,000 BTC? Still locked behind that mythical fishing rod – or maybe they're just milking it.
▪️ Collins told the cops the seed phrase was on paper inside a fishing rod at a rental house. Cops searched – rod was gone. No one ever found it. Or so they say.
▪️ CAB claims they used 'highly complex technical expertise and decryption resources' – but never mentioned finding the rod. Convenient, huh? Almost like they already had the keys.
▪️ Coins landed at Coinbase Prime – so the Irish state is cashing out through a US exchange. Expect some selling pressure if they decide to dump even a bit.
📊 Moved Today:
500 BTC / $38M📊 Total Recovered:
2,000 BTC / $155M📊 Still Unrecovered:
~4,000 BTCIf you're holding BTC, this is just another reminder that old coins are waking up – but the real story is the 4,000 BTC still sitting in Collins' wallet. If CAB really cracked the seed, that supply could hit the market any day. More likely, they've been slowly bleeding the wallet over years, and the fishing rod story was a front to hide the fact that they had it all along. Either way, there's a massive overhang of coins that could move any day. Keep an eye on those transfers, because when the state decides to cash out, it's never good for the price.
💬 «We leveraged highly complex technical expertise and decryption resources.» — CAB official line (via The Irish Times)
🔮 Either CAB found that rod and won't admit it, or Collins had a backup. Someone is feeding us a fairy tale, and the 4,000 BTC still 'missing' is the punchline.
@exverse_chat
