This man hid $400 million in a fishing rod. Then it vanished

Smashing Security45mApril 1, 2026

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AI-Generated Summary

This episode of Smashing Security dives into two major stories: the mysterious case of Clifton Collins, an Irish beekeeper and former cannabis dealer who allegedly invested his illicit earnings into 6,000 Bitcoins worth $400 million, only to lose access to the fortune when his fishing rod case—containing the seed phrases—was stolen during a burglary and later discarded by his landlord. The Bitcoin remains frozen in 12 wallets, but a recent movement of $35 million to a Coinbase custody address has reignited speculation about whether the codes were recovered by law enforcement, a rogue actor, or if Collins fabricated the story. The episode also covers a cybersecurity breach at Ajax football club, where hackers allegedly accessed personal data of up to 300,000 supporters via vulnerabilities in the official app, including the ability to manipulate banned fan lists and ticket transfers—raising concerns about real-world consequences of digital breaches. The hosts explore the broader implications of poor app security, the risks of storing sensitive data in physical objects, and the human tendency to underestimate digital risks even when wealth is at stake.

Key Takeaways
1

Never store cryptocurrency seed phrases in physical objects like fishing rods—especially if they’re vulnerable to theft or disposal.

2

Even minor app vulnerabilities can lead to massive data breaches, especially when personal data like fan lists and ticketing info are involved.

3

The story of Clifton Collins highlights how criminal behavior can lead to unexpected wealth—and equally unexpected loss due to poor risk management.

4

Organizations must prioritize security in consumer-facing apps, especially those handling sensitive personal data.

5

Physical security and digital security are deeply interconnected—what happens offline can doom digital assets.

…and 3 more takeaways available in PodZeus

Chapters
0:00
5 min

Opening: RSA 2026 & the Rise of Agentic AI

The hosts kick off with reflections on the RSA Conference 2026, highlighting concerns about security in agentic AI systems and the recurring pattern of poor security in emerging tech like IoT and now AI.

5:00
5 min

Sponsor: ActionOne – Patch Management Made Easy

ActionOne is introduced as a cloud-native patch management platform that automates updates across Windows, macOS, Linux, and third-party apps, with a free tier for the first 200 endpoints.

10:00
10 min

The Man Who Hid $400M in a Fishing Rod

He's got his bees. He's got his little gyrocopter. He's got his cannabis empire. He has $400 million. I think it's rather lovely.

Highlight
20:00
10 min

The Vanishing Act: Burglary, Landlord, and the Dump

It's not just this burglary story because also apparently, according to Clifton Collins, when this guy was sent to prison, his landlord thought, what am I going to do with all the remaining belongings lying around in the house?

Highlight
30:00
10 min

The Bitcoin Reawakens: $35M Moves to Coinbase

It's better than a poke in the eye. Yes. It has been spotted moving out of one of his wallets where it has just sat there.

Highlight
High-Impact Quotes
Could you not add to the list of banned people who aren't allowed to the stadium, the strikers for Ajax? And so they would not be able to compete.
Graham Cluley0:08
Viral: 90.0
He's got his bees. He's got his little gyrocopter. He's got his cannabis empire. He has $400 million. I think it's rather lovely.
Graham Cluley12:09
Viral: 85.0
It's not just this burglary story because also apparently, according to Clifton Collins, when this guy was sent to prison, his landlord thought, what am I going to do with all the remaining belongings lying around in the house?
Graham Cluley15:03
Viral: 80.0
Speakers

Host

Graham Cluley

Guest

Danny Palmer
Topics Discussed
Crypto Wealth and Risk95%Physical Security of Digital Assets90%Cybersecurity in Sports Organizations85%Digital Identity and Data Breaches80%App Security Vulnerabilities80%Agentic AI Security75%Cybercrime and Criminal Behavior70%Nostalgic Hobbies and Modern Gaming65%
People & Brands

Graham Cluley

person

45xPositive

Danny Palmer

person

40xPositive

Clifton Collins

person

35xNeutral

Bitcoin

other

25xNeutral

Ajax Football Club

organization

20xNegative

ActionOne

organization

8xPositive

Meta

organization

6xPositive

Vanta

organization

6xPositive

Dungeons & Dragons

media

5xPositive

Small Prophets

other

5xPositive

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