Anonymous Claimant Challenges Suit Over 3.799 Million Bitcoin in Dormant Satoshi-Era Wallets
JH Kim
Summary
- CryptoSlate reported that Noah Doe claimed ownership of about 39,000 long-dormant wallets as lost property in the lawsuit.
- The wallets contain about 3.799 million BTC, worth roughly $234 billion at current prices.
- The outlet said the case could set a precedent for whether lost-property law can be applied to long-dormant crypto wallets.
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An anonymous individual has challenged a lawsuit over long-dormant wallets believed to be tied to Satoshi Nakamoto and early Bitcoin miners.
CryptoSlate reported on July 2 that a plaintiff using the pseudonym Noah Doe filed a lawsuit in a New York court, claiming ownership of about 39,000 long-dormant wallets as lost property.
The wallets hold about 3.799 million BTC, worth roughly $234 billion at current market prices.
A defendant using the pseudonym John Doe 33 has objected to the suit, saying he is the wallets' true owner.
The outlet said the case could set a precedent for whether lost-property law can be applied to long-dormant crypto wallets.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.