New York Lawsuit Targets 3.79 Million Dormant Bitcoin
New York Lawsuit Targets 3.79 Million Dormant Bitcoin
A significant lawsuit has been filed in New York, seeking a court declaration over approximately 3.79 million dormant Bitcoin (BTC). The case aims to classify inactive self-custodied crypto addresses as abandoned property under New York's lost-and-found law, potentially setting a precedent for how long-held, untouched crypto assets are treated legally.
New York Lawsuit Takes Aim At 3.79 Million Dormant Bitcoin
A New York lawsuit is seeking a court declaration over tens of thousands of long-dormant Bitcoin addresses that one outside analysis says collectively hold about 3.79 million BTC. The case, brought by “Noah Doe” and two Wyoming LLCs, attempts to frame inactive self-custodied crypto addresses as abandoned property under New York lost-and-found law. The filing highlights ongoing legal challenges regarding the ownership and status of digital assets, particularly those that have remained untouched for extended periods.