New York Judge Halts Lawsuit Over 39,069 Dormant Bitcoin Wallets

Huoxing Finance reports that on June 8, a judge at the New York Supreme Court suspended all proceedings in a lawsuit attempting to assert ownership over 39,069 dormant Bitcoin wallets, thereby halting any motion for default judgment prior to the July 14 hearing. Judge Kathy J. King signed the “Order to Show Cause,” which was publicly filed in the case docket on June 5. According to court records, oral arguments are scheduled for July 14 at 10:30 a.m. in Courtroom 6 of the New York Court. The order stipulates that, prior to the hearing, “all further proceedings on the plaintiff’s request for declaratory judgment shall be stayed, including any applications for discovery or default judgment.” The judge removed the phrase “and final determination” from the standard template wording, indicating that the stay applies only until the July 14 hearing, not indefinitely until a final ruling. In another ruling filed on the same day, Kathy J. King determined that a prior motion seeking injunctive relief had become moot, referencing the plaintiff’s Amended Complaint filed on May 1 and another entry in the case record.