News
500 BTC linked to Irish drug dealer moved to Coinbase Prime deposit
Arkham Intelligence reported that on Oct. 20 a wallet associated with convicted Irish drug dealer Clifton Collins transferred 500 BTC, valued at about $41.5 million, to an address identified as a Coinbase Prime deposit. This is the fifth 500‑BTC movement from Collins‑linked wallets this year, bringing the total transferred to 2,500 BTC (approximately $208 million). Roughly 3,500 BTC, worth about $291 million, remain in wallets tied to Collins. Similar 500‑BTC transfers occurred in July and August, each following the same pattern of redistribution. Law‑enforcement agencies are suspected of orchestrating the moves, though officials have not confirmed involvement.