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Seized Bitcoin Worth $378M Locked: Ireland’s Crime Bureau Missing Private Keys

  • Ireland’s Criminal Assets Bureau (CAB) seized $378 million worth of Bitcoin from a convicted drug dealer in 2019.
  • The bureau can't access the Bitcoin because the private keys to the wallets are lost.
  • The Bitcoin was divided into 12 wallets, with access codes written on a piece of paper stored inside a fishing rod case.
  • CAB has recovered other assets but the locked Bitcoin remains a significant hurdle.

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