TechFlow News: On May 20, according to on-chain data platform Arkham (@arkham), Bitcoin purchased by Irish drug trafficker Clifton Collins for approximately $30,000 between 2011 and 2012 is now valued at roughly $400 million. Collins had lost his private key and was imprisoned, leading many to believe these bitcoins were permanently lost. Approximately one month ago, 500 BTC—dormant for over a decade—moved on-chain for the first time; recently, another 500 BTC (worth about $38 million) moved again, with some funds flowing into Binance’s cold wallet. It is currently speculated that Irish authorities may have intervened to recover the assets, but the ultimate destination remains unconfirmed.
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