Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Bitcoin (BTC)
  • Cryptocurrency
  • News

Drug Dealer Loses Codes to Access €53.6M in Bitcoin after Hiding Them With His Fishing Rod

Solomon Odunayo February 21, 2020 2 min read
Here’s Why Stock-to-Flow Creator Is Confident $288,000 Is Still In Play for Bitcoin (BTC)

A drug dealer has reportedly lost the codes to access the wallet to his accrued €53.6 million in Bitcoin (BTC) after hiding them with his fishing rod. The fishing rod is nowhere to be found at press time.

However, the 12 wallets containing the sum of 6000 BTC have been confiscated by the Criminal Assets Bureau (CAB), but access codes to the wealth have gone missing. This latest incident has been recognized as the toughest in Cab’s 25-year history


trade now

According to Garda officers who stressed the possibility of accessing the whopping sum of funds someday, the advancement in technology would enable access to the wallet without the need for the missing codes.

About the Victim Clifton Collins

The 49-year old Clifton Collins is a native of Crumlin, Dublin. He acquired most of the locked-in Bitcoin (BTC) in 2011 and early 2012 with the proceeds from the cannabis he sold.

Obviously, he acquired the asset when Bitcoin was trading below $100. But the price of BTC has since increased. As the report has it, Collins purchased a two-seater gyroplane with some of the money.

Going by the report, Collins decided to spread the 6,000 BTC across 12 new wallets in 2017. He took this measure to avoid being hacked, which could result in the loss of all the Bitcoin.

He then printed all the codes for the 12 wallets on an A4 paper. Afterward, he decided to hide the paper inside the aluminum cap of the case containing his rod. This was kept in his rented apartment before he was arrested with cannabis herbs in 2017 in Co Wicklow, and was subsequently jailed for 5 years.

When Collins was away, there was a break-in at the house. The house was as well cleared at the order of the landlord. In the process, Collin’s items ended in a dump at Co Galway.

According to a witness at the dump, the discarded fishing gear was sighted at the time of the incident. But all efforts to trace the fishing rod in order to recover the Bitcoin wallet codes proved abortive.

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: XRP Tops Other Digital Assets in Terms of Trading Volume So Far in 2020 –iTrustCapital Reports
Next: Series of Events that Led to Attack on Trinity and the Measures Taken by IOTA Foundation

Related Stories

Bitcoin Adoption By Guatemalan Merchants Increases Through Tattoos 
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Mining
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Stablecoin
  • Terra (LUNA)

Bitcoin Adoption By Guatemalan Merchants Increases Through Tattoos 

February 2, 2023
Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report
2 min read
  • Altcoins
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News

Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report

February 2, 2023
Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds
3 min read
  • Cryptocurrency
  • News
  • Regulation
  • Scam / Hack

Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds

February 2, 2023

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$23,823.00
0.99%
ethereum
Ethereum (ETH)
$1,676.79
2.46%
tether
Tether (USDT)
$1.00
0.12%
binancecoin
BNB (BNB)
$328.57
3.81%
usd-coin
USD Coin (USDC)
$1.00
0.08%
ripple
XRP (XRP)
$0.414799
0.43%
binance-usd
Binance USD (BUSD)
$1.00
-0.01%
cardano
Cardano (ADA)
$0.405282
3.29%
dogecoin
Dogecoin (DOGE)
$0.092954
-0.49%
polkadot
Polkadot (DOT)
$6.70
4.82%

Recent Posts

  • Bitcoin Adoption By Guatemalan Merchants Increases Through Tattoos 
  • Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report
  • Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds
  • Ripple Realizes Strong Growth with $226M XRP Sold in Fourth Quarter
  • India 2023 Budget Retains Strict Crypto Tax Rules
  • Where Did Terra Developers Go After Network Collapsed?
  • Core Scientific Strikes $70M Loan Deal With B. Riley
  • BTC Miner Greenidge Reduces $72M Debt With NYDIG To $17M
  • South Korean Law Enforcement Investigates $8M Crypto Scam Targeting Investors
  • Floki Won’t Actually Burn $115M Worth of Tokens: Here’s Why
  • HSBC Reveals Crypto Industry Move with Job Openings
  • Binance Shuts Down Several Accounts Amid Bitzlato Investigation
  • ETH Added An Average Of Over 130,000 Addresses Daily In 2023
  • UK’s Charity Commission Probes Charity Organization Linked To FTX
  • Dogecoin Community Berates Mcdonald’s Over Reluctance To Announce DOGE Adoption

Categories

You may have missed

Bitcoin Adoption By Guatemalan Merchants Increases Through Tattoos 
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Mining
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Stablecoin
  • Terra (LUNA)

Bitcoin Adoption By Guatemalan Merchants Increases Through Tattoos 

February 2, 2023
Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report
2 min read
  • Altcoins
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News

Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report

February 2, 2023
Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds
3 min read
  • Cryptocurrency
  • News
  • Regulation
  • Scam / Hack

Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds

February 2, 2023
Ripple Realizes Strong Growth with $226M XRP Sold in Fourth Quarter
2 min read
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Ripple (XRP)

Ripple Realizes Strong Growth with $226M XRP Sold in Fourth Quarter

February 2, 2023
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%