NY Lawsuit Served a 2011 Bitcoin Wallet — Owner Moves $2.54M to Prove It’s Not Abandoned
A dormant 2011 Bitcoin wallet moved $2.54 million, directly contradicting the plaintiff's claim that the coins were abandoned property.Summary
A bitcoin wallet dormant since March 27, 2011, moved 35.55 BTC worth approximately $2.54 million on June 2, 2026, directly undermining Noah Doe's abandoned-property claim. Galaxy Research's Alex Thorn flagged the transaction, noting the address was served in the $293B NY lawsuit. The wallet, identified as "Noah Doe #38215" and "Salomon-dusted," had been untouched for 15.2 years before moving in block 952104. The movement is significant because the entire case rests on a legal claim that the targeted wallets qualify as abandoned property under New York's Personal Property Law. Noah Doe filed the case seeking legal title to 39,069 wallets holding roughly 3,799,629 BTC valued at approximately $293.5 billion. To trigger a low-value procedural shortcut, the plaintiff valued each address at under $10, but Galaxy Research's analysis revealed the average wallet holds 97.25 BTC, worth roughly $7.5 million. The June 2 wallet move signals active ownership and direct awareness of the lawsuit, as the coins moved after being served via onchain dust transactions. Even if Noah Doe wins a default judgment, no private keys transfer; instead, the court order would produce a legal document that could be used against any named coins appearing at a regulated custodian or exchange, potentially freezing assets and forcing holders to prove ownership publicly. A technical default is expected by late June 2026, approximately 30 days after service.
(Source：Bitcoin News)