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25/03/26 17:43 UTC-04

Bitcoins thought lost for 10 years resurface: they belonged to a major player worth around $300 million

An unusual event has drawn attention in the cryptocurrency market. Bitcoins that were believed to be lost for about 10 years have reappeared, along with a large transfer from wallets linked to an Irish criminal.

According to blockchain data, approximately 13 hours ago Clifton Collins transferred 500 BTC (around $35.44 million) to a Coinbase account. These bitcoins had long been considered inactive and possibly permanently lost.

It is known that between 2011 and 2012, Collins acquired a total of 6,000 BTC using funds obtained through illegal activities and distributed them across multiple wallets. However, after his arrest in 2017, the house where his belongings were stored was cleared out, and his personal items were sent to a landfill. This led to widespread assumptions that access to the bitcoins had been permanently lost.

However, the recent transfer revealed that the funds, long considered inaccessible, were not entirely lost. According to data from analytics platform Arkham, Collins is linked to 14 different addresses holding approximately 5,500 BTC (around $391 million).

See also: "According to the Reserve Bank of Australia, tokenization could save the economy $16.7 billion annually"

#Bitcoin (BTC) #Profit

Editor: Pereyidenko Ihor
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