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Feb 22 - drug dealer loses $60 million in bitcoin...when landlord threw his codes away


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 1 month ago '09        #1
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messy marv stan  topics gone triple plat - Number 1 spot x20
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Feb 22 - drug dealer loses $60 million in bitcoin...when landlord threw his codes away
 

 
visit this link https://nypost.com/2020/0 .. -tosses-codes/


An Irish drug dealer learned the hard way what every bitcoin investor knows: never lose your codes.

Clifton Collins, a former security guard and a beekeeper turned weed grower/dealer, lost $60 million when his landlord cleaned out the house he’d been renting and sent everything to the dump — including Collin’s fishing rod case that hid his Bitcoin codes. Without the codes, the accounts can’t be accessed.


According to the Irish Times, “Collins bought most of the Bitcoin in late 2011 and early 2012 using cash he made growing crops of cannabis. In early 2017 he had just over 6,000 Bitcoin in one account but he feared it may be too easy for a hacker to access. He decided to spread his wealth across 12 new accounts … then printed out the codes for the 12 accounts onto a piece of paper. He hid the paper inside the aluminum cap of his case containing his rod which he kept at his rented home in Farnaught, Cornamona, Co Galway

It all went south for Collins when he was arrested in 2017 for cannabis possession and sentenced to five years in prison. His house was broken into and, shortly thereafter, his landlord sent his belongings — including the fly fishing case — to the dump.

Dump employees remember seeing fishing gear — but the garbage was soon cleared and sent to either Germany and China to be incinerated


The Criminal a*sets Bureau confiscated the 12 accounts, but can not access them either, without the codes, the Irish Times Reported.

Collins has since come to terms with the loss and “considers it punishment for his own stupidity.”
+11   



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Top 10 most propped recently  1 month ago '19        #2
Big Tymerz  topics gone triple plat - Number 1 spot x26
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 1 month ago '10        #3
tallulahmademe 
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id k*ll him no BS
+56   

 1 month ago '06        #4
Darell_ftb  topics gone triple plat - Number 1 spot x6
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Dumb a*s. I got copies made digital file on a encrypted email server.

I have a phone that's never been activated with service or wifi.

Laminated paper copies I keep in my fire proof safe.

Dumb a*ses fu*king off their own money.


Last edited by Darell_ftb; 02-22-2020 at 11:12 PM..
+75   

 1 month ago '14        #5
Aries  topics gone triple plat - Number 1 spot x3
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 Darell_ftb said
Dumb a*s. I got copies made digital firm on a encrypted email server.

I have a phone that's never been activated with service or wifi.

Laminated paper copies I keep in my fire proof safe.

Dumb a*ses fu*king off their own money.
The feds/government have the bitcoins and are the ones looking for the password...
+15   

 1 month ago '06        #6
Darell_ftb  topics gone triple plat - Number 1 spot x6
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 Aries said
The feds/government have the bitcoins and are the ones looking for the password...
Oh well better out of circulation than in their hands.
+14   

 1 month ago '17        #7
arms  topics gone triple plat - Number 1 spot x1
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 Aries said
The feds/government have the bitcoins and are the ones looking for the password...
Technically the government doesn't have sh*t. Without the private keys they've got about as much of that 6k Bitcoin as you and I. A private key and a password are two entirely different levels of keeping something safe. That money is as good as gone.
+17   

Top 10 most propped recently  1 month ago '15        #8
Putin~Work  topics gone triple plat - Number 1 spot x47
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smoke him
+1   

 1 month ago '06        #9
tonygunz 
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For 60 mill, i'm tattooing my private keys on me with that blacklight ink
+36   

 1 month ago '04        #10
orv 
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He lost the keys that he got from selling keys.
+23   

 1 month ago '04        #11
Wizzarino 
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He was doomed as soon as he got locked up...



Quick question tho, if you sitting on $60 million, why you still renting?

Why not cash one out and buy a property, storage unit, or even a vault space at the bank?

+17   

 1 month ago '08        #12
606robin 
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This is why, when I find PCs at cleanouts n sh*t. I always check for any digital coins
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 1 month ago '08        #13
606robin 
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Just hear me out. What if dude just claimed he lost his wallet, under the guise of not having to report it and give it in seizure. Basically, end a financial investigation by claiming the “boat” is gone? Just saying. Ireland is dirty for off shore accounts n financial backings *cough, cough apple*
+21   

 1 month ago '18        #14
Idgafth0 
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5 years for weed is fu*kin nuts
+8   

 1 month ago '16        #15
DonLimpio 
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Several stories lately of lost/stolen/missing/confiscated btc
+6   

 1 month ago '17        #16
lucifershammer  topics gone triple plat - Number 1 spot x1
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put that sh*t in a bank vault
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 1 month ago '19        #17
Number5 
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 Idgafth0 said
5 years for weed is fu*kin nuts
It pays to follow the law.
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 1 month ago '16        #18
NYNY 
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 Idgafth0 said
5 years for weed is fu*kin nuts
They tight asf when it comes to dealin over in the uk/Ireland
+1   

 1 month ago '18        #19
BrooklynDamien  topics gone triple plat - Number 1 spot x1
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There's jet money. Underground money. Submarines and rings. Too bad you fu*ked up dummy
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 1 month ago '06        #20
Skateboard T 
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 Darell_ftb said
Dumb a*s. I got copies made digital firm on a encrypted email server.

I have a phone that's never been activated with service or wifi.

Laminated paper copies I keep in my fire proof safe.

Dumb a*ses fu*king off their own money.
Yup you need to have backups of backups of backups of your keys.

USB drives, papers in a safe deposit box, encrypted servers, etc.
+1   

 1 month ago '19        #21
Legit Trap 
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I hear this type story far too often. I would have been in the landfill like buddy who lost his mining hard drives

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 1 month ago '19        #22
Dark Cobra  topics gone triple plat - Number 1 spot x8
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It’s still there or nah

 1 month ago '18        #23
The3 
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 Dark Cobra said
It’s still there or nah
It's still there now lost for ever since nobody got the key

 1 month ago '17        #24
Lazy 
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I doubt he actually lost it
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 1 month ago '19        #25
Dolph 
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60 mil tho!! You know he's sick!!

+1   

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