Plaintiff Claims Ownership of 39,100 Dormant Bitcoin Addresses in New York Lawsuit

According to Cointelegraph, plaintiff Noah Doe and two Wyoming limited liability companies filed a lawsuit in New York on May 1, seeking a court ruling to establish ownership of 39,100 dormant Bitcoin addresses, invoking New York’s Unclaimed Property Law and asserting that the funds in these addresses constitute “abandoned property.” The addresses in question include those associated with Satoshi Nakamoto, starting with “12c6D,” and those linked to the Mt. Gox hacker, starting with “1Feex.” According to estimates by the founder of Timechain Index, these addresses collectively hold approximately 3.7 million BTC, valued at around $285 billion. Castle Labs analyst Noveleader noted that the Bitcoin network cannot reallocate funds without the corresponding private keys, and that the plaintiffs’ notice procedures may be ineffective.