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BREAKING: Irish Police Crack "Lost" Bitcoin Wallet And Seize 500 BTC Worth $35M
A drug dealer bought ~6,000 BTC in 2011 when BTC was under $10 and hid private keys in a fishing rod case. After his arrest, keys ended up in a landfill.
Now, using advanced decryption, authorities unlocked 1 of 12 wallets. 500 BTC moved to Coinbase Prime, confirmed by Arkham.
Still locked: 11 wallets holding 5,500 BTC ($378M).
Bitcoin was NOT hacked. The weakness was poor key storage, not BTC cryptography.
"Lost" Bitcoin may not stay lost forever. Law enforcement tech is evolving fast.
Your keys, your coins. But weak key management can be cracked, even after a decade.