TheBlock
Ireland's Criminal Assets Bureau (CAB), working alongside Europol, has secured approximately 500 BTC believed to be connected to an Irish drug trafficking operation — one of the more significant crypto asset seizures in recent Irish law enforcement history.
CAB has built a strong track record of pursuing illicitly acquired assets under Ireland's Proceeds of Crime legislation, and Europol's involvement signals cross-border coordination that likely extends the investigation beyond Irish jurisdiction. At current prices, 500 BTC represents roughly $45–50 million in seized value, making this a material enforcement action.
The seizure adds to a growing pattern of European law enforcement agencies targeting crypto holdings tied to organised crime, reinforcing that on-chain assets are no longer a reliable store for criminal proceeds.
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