One of the largest bitcoin seizures in history took place in Ireland this week, with the Supreme Court ordering a €52m forfeit from a suspected drug dealer.

The Irish Supreme Court has confiscated Bitcoin worth 52 million euros from an alleged drug dealer.

It is reported that Clifton Collins built a portfolio of cryptocurrencies after becoming an early investor, despite the Supreme Court ruling that the initial investment was the proceeds of crime.

The 49-year-old criminal was asked by the Office of Criminal Assets to seize his bitcoin.

He was later charged with various offenses under the Misuse of Drugs Act.

The investigations into Collins’ origins came from a lengthy police investigation that began in February 2017, in which police officers had previously stopped a vehicle driven by Collins with a quantity of drugs.

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The officers then searched an address at a place near Mam Cross where a number of discovered cannabis plants were discovered.

According to the Independent report, the assets will remain held for seven years, which means that the forfeiture will not have an immediate impact on the price of Bitcoin.

Although considered an important case given the massive amount of bitcoin seized, it has become fairly common.

Last April, a warrant was issued against a Canadian drug dealer with $1.9 million worth of bitcoin, while one month ago an international team of police arrested 61 people and seized $6.2 million of bitcoin in connection with drug dealing on the dark web. With the Dark Web.

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