This man hid $400 million in a fishing rod. Then it vanished
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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.
Never store cryptocurrency seed phrases in physical objects like fishing rods—especially if they’re vulnerable to theft or disposal.
Even minor app vulnerabilities can lead to massive data breaches, especially when personal data like fan lists and ticketing info are involved.
The story of Clifton Collins highlights how criminal behavior can lead to unexpected wealth—and equally unexpected loss due to poor risk management.
Organizations must prioritize security in consumer-facing apps, especially those handling sensitive personal data.
Physical security and digital security are deeply interconnected—what happens offline can doom digital assets.
…and 3 more takeaways available in PodZeus
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.
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.
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.”
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?”
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.”
“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.”
“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.”
“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?”
Host
Guest
Graham Cluley
person
Danny Palmer
person
Clifton Collins
person
Bitcoin
other
Ajax Football Club
organization
ActionOne
organization
Meta
organization
Vanta
organization
Dungeons & Dragons
media
Small Prophets
other
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