In brief
- Ireland’s Criminal Assets Bureau says gangs store crypto wallet seed phrases and private keys in rented vaults alongside cash, watches and passports.
- It has reported the practice to the government committee preparing Ireland for new EU anti-money laundering rules.
- Cash still dominates, and the bureau’s chief says criminal use of crypto in Ireland remains “basic.”
Organized crime gangs in Ireland are renting vaults to store the private keys and seed phrases that control crypto wallets, alongside cash, luxury watches and handbags, the head of the Criminal Assets Bureau has said.
Detective Chief Superintendent Michael Gubbins, who runs the bureau, the Irish state’s asset-seizure agency, told the Sunday Independent the…
