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Convicted Drug Vendor Pressured to Give Up $56,000,000 in Bitcoin (BTC) in Eire Seizure

Clifton Collins, a convicted drug supplier from a Southside suburb in Dublin, Eire, has at hand over a Bitcoin fortune value €52 million ($56 million) to authorities following a Excessive Court docket ruling that claims his cryptocurrency haul stems from prison exercise.

Excessive Court docket justice Alex Owens ordered the Felony Property Bureau (CAB) to forfeit the Bitcoin belongings of the 49-year-old below the Proceeds of Crime laws, studies Unbiased.ie.

Inquiries into Collins’ digital belongings began in 2017 when police discovered hashish in a automobile he was driving. A follow-up search linked him to giant portions of hashish vegetation rising in Farnaught, Corr na Móna.

Collins was later charged with offenses below the Misuse of Medicine Act.

The CAB secured a freezing order to make sure that the seized Bitcoin is not going to be faraway from its pockets with out approval from the court docket.

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Featured Picture: Shutterstock/Stephen Barnes

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