CoinGapeMedia reports a New York Supreme Court hearing set for July 14 on a lawsuit filed June 5 claiming ownership of 39,069 dormant Bitcoin wallets holding about 3.7 million BTC currently valued at $226 billion. The plaintiffs, Noah Doe and two Wyoming companies, argue under New York law that the long-inactive addresses, including some allegedly tied to Satoshi Nakamoto and the Mt. Gox 1Feex wallet, qualify as abandoned property. Legal critics like David Schwartz highlight serious flaws in the case, particularly the lack of clear jurisdiction for a New York court over decentralized Bitcoin wallets. -gROK
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