In early 2017 Clifton Collins, an Irish drug dealer, former security guard and award winning beekeeper had a dilemma: where to hide the codes of his illicit €55m (£46m) bitcoin fortune.
The Criminal Assets Bureau (Cab) has confiscated the 12 online accounts, or wallets, containing 6,000 bitcoin. However, The Irish Times has learned the accounts cannot be accessed because the codes are missing. It means the €53.6 million monetary value of the bitcoin inside them, which is the biggest case in the Cab’s 25-year history, is out of the bureau’s reach. Garda officers said they were hopeful advances in technology would one day enable them to access the bitcoin so it could be sold.