10-Year-Old Bitcoin Wallet of Irish Criminal 'Wakes up' With 500 BTC Move to Coinbase; $425 Million Still Missing
Analysis
Price Impact
MedThe movement of a significant amount of bitcoin (500 btc, ~$35.44 million) from a wallet linked to a criminal case to a major exchange like coinbase can cause short-term price fluctuations. while the amount is substantial, it's not large enough to drastically alter bitcoin's overall market dynamics on its own. it may, however, trigger concerns about market supply and potential sell-offs.
Trustworthiness
HighPrice Direction
NeutralThe immediate price direction is uncertain. selling pressure could emerge if the 500 btc are liquidated, but the market might also absorb it, especially if the funds are controlled by authorities or used for legitimate purposes. the uncertainty around the remaining 5,000 btc and the legality of the funds also creates a neutral outlook.
Time Effect
ShortThe primary impact will be felt in the short term as the market reacts to the news of the transaction and potential sell-off. the long-term impact depends heavily on what happens to the remaining funds and any legal or regulatory actions that follow.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. A Bitcoin wallet believed to have been dead for more than 10 years has suddenly shown activity on-chain . This concerns the case of Clifton Collins, an Irish criminal whose story has turned into a real digital thriller. Less than 15 hours ago, 500 BTC were transferred from a wallet labeled “Clifton Collins” by Arkham to the major U.S. crypto exchange Coinbase. At the current rate, this amounts to an impressive $35.44 million. Advertisement How one of crypto's most infamous "lost" fortunes just reappeared This story began back in 2011-2012, when Collins, having earned capital through illegal business, invested money in Bitcoin . At the time, he bought around 6,000 BTC to secure his wealth and distributed them across 12 wallets. However, the criminal made a fatal mistake. He printed his secret keys, the seed phrases, on an A4-sized sheet of paper and hid them inside a fishing rod case. HOT Stories Ripple's Schwartz Rejects Fake Discounts for XRP Dogecoin (DOGE) Aims at Zero Removal, Is This Ethereum's (ETH) Price Redemption Moment? Shiba Inu's (SHIB) Rapid Momentum Switch Is Possible: Crypto Market Review Clifton Collins Transactions with Bitcoin, Source: Arkham In 2018, Collins was arrested, and while he was serving his sentence, the owner of the house ordered all of his belongings to be removed. As a result, the case containing keys to a fortune worth $425 million at current prices was believed to have ended up in a landfill in County Galway. Advertisement You Might Also Like Wed, 03/25/2026 - 07:30 Bitcoin Should Be $280,000: Real Estate Mogul Grant Cardone By Yuri Molchan For years, these Bitcoins were considered permanently lost, as the keys were literally believed to be decaying somewhere under tons of garbage. However, today’s transfer of 500 BTC to Coinbase raises three pressing questions for authorities and experts: Have the keys been found? Did someone discover that very sheet of paper at the landfill, or did Collins manage to keep a copy, or was it the police? Where are the remaining 5,000 BTC ? And finally is the issue of legality. If all the funds are being cashed out now, it will be interesting to see how the Irish Criminal Assets Bureau will react — if it is indeed not the police moving Collins's Bitcoin to Coinbase. Advertisement #Bitcoin #Bitcoin News #Cryptocurrency Crime