Bitcoin News
By Maheen Hernandez
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Three Wallets Accessed, Nine More to Go. The cannabis dealer spread funds across twelve Bitcoin wallets — probably a deliberate move to…
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Europol's Cybercrime Unit Played a Key Role. CAB didn't do this alone. Europol's European Cybercrime Centre worked alongside the bureau on the…
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What $92 Million in Seized Bitcoin Means for Organized Crime. The numbers here are big. $92 million is a serious financial blow to a criminal operation, and…
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Ireland's Criminal Assets Bureau cracked open another dormant Bitcoin wallet. The wallet held 500 BTC — worth roughly $31 million — and belonged to a cannabis grower whose…
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The bureau's total haul from this single case now sits at 1,500 Bitcoin, valued at over $92 million. Three wallets down. Nine still locked. And the CAB isn't stopping.
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Each wallet, per CAB, had been sitting dormant for years. Maybe close to a decade in some cases.
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No details have come out about how much Bitcoin sits in the remaining nine wallets, or when CAB expects to access them. The bureau hasn't provided a timeline.
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CAB didn't do this alone. Europol's European Cybercrime Centre worked alongside the bureau on the operation, and that collaboration seems to have been pretty much essential to…
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Cryptocurrency seizures aren't simple. The anonymous structure of Bitcoin wallets — private keys, no central authority, no password reset — makes access genuinely hard.
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Related: Bitcoin ETFs Bleed $223 Million Over Nine-Day Outflow Streak
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The cross-border nature of digital asset crime basically demands this kind of cooperation. Criminal networks don't stay within national borders, and neither do their crypto…
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The numbers here are big. $92 million is a serious financial blow to a criminal operation, and it's not abstract money — it was real profit from an illegal cannabis business,…
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For law enforcement, recovering assets like this does a few things at once. It strips the criminal of resources.
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There's also an intelligence angle. Each wallet accessed gives investigators a clearer picture of how the broader operation worked. How profits were split.
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Read also: Saudi Arabia Floods Hormuz With Oil While Bitcoin Tops $61,500 and Gold Holds $4,000
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