Irish Criminal Assets Bureau Struggles To Access Seized Bitcoin Worth $345 Million

According to Odaily, the Irish Criminal Assets Bureau (CAB) has been unable to access Bitcoin seized from a criminal in 2019, despite its value soaring to $345 million. A recent article from The Irish Times reveals that over the past four years, CAB has been unable to access the Bitcoin stored in 12 wallets. During this period, the price of Bitcoin has risen from approximately $9,000 to over $62,000. The criminal claimed that a document containing the seed phrases for the Bitcoin wallets was hidden in a fishing rod box at a rental property. This box was reportedly lost after a burglary at his home, although the document might have also been misplaced during a house cleanup following his arrest.