Irish Criminal Assets Bureau seizes $ 52 million worth of bitcoins from local drug dealer.
Law enforcement agencies launched an investigation after police found large quantities of marijuana in Clifton Collins’ car. A further search of his house revealed an entire hemp plantation and a Bitcoin wallet with a solid supply of coins..
After the arrest of the suspect, the High Court ruled that all cryptocurrency was illegal proceeds and ordered the seizure of funds in order to avoid their further movement without permission..
According to Irish Independent, Clifton Collins invested in bitcoins at the early stage of market development, but the drug suspect did not want to challenge the court decision.
Irish Court Seizes $56 Million in Bitcoin From Alleged Drug Dealer
The increased interest of criminals in cryptocurrency is associated with the possibility of anonymous remote settlements. Bitcoin usage in darknet markets has doubled over the past year, according to Chainalysis.
text: Ivan Malichenko, photo: Shutterstock