Convicted Criminal to Hand Over Millions in Bitcoin

in #ftin • 4 years ago

Topic: Blockchain

Title: Convicted Criminal to Hand Over $56 Million in Bitcoin

Who/What:
A suspected drug dealer from Dublin by the name of Clifton Collins has to
forfeit $56m after a high court ruling declared his digital asset was from criminal activity.
When/Why/how:
The Criminal Assets Bureau got a Freezing order to ensure no funds
would be withdrawn from the convict's wallet without the court's approval.
More ...:
Methodology: Online research and use of a tumbled pyramid in the article.
Sources:

https://www.independent.ie/irish-news/courts/drug-dealer-loses-52m-in-bitcoin-after-cab-
seizure-38970283.html

https://dailyhodl.com/2020/02/20/convicted-drug-dealer-forced-to-give-up-56000000-in-
bitcoin-btc-in-ireland-seizure/

Wordcount: 200-300
Qualification statement: This highlights the direction the lay is taking when dealing with dirty
crypto.
Time: Appx 24 hours
Budget: 250TECH

4 years ago in #ftin by
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