Bitcoin: 500 BTC deemed inaccessible, transferred after ten years

For more than ten years, 6,000 bitcoins linked to an Irish drug dealer seemed partly lost forever. Yet, on October 20, a new transaction reignited attention around this forgotten fortune. A wallet associated with Clifton Collins transferred 500 BTC, about 41.52 million dollars, to Coinbase Prime. This operation is part of a series of movements that raise questions about the fate of the funds and the missing private keys. On October 20, a wallet linked to Clifton Collins transferred 500 BTC to Coinbase Prime, Coinbase’s institutional trading platform. The blockchain analysis company Lookonchain reported this operation, which represents approximately 41.52 million dollars. This movement comes after more than a decade without any apparent activity on the concerned funds. It thus draws attention to a fortune long considered inaccessible.

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