A lawsuit in New York seeks to claim ownership of 39k dormant Bitcoin addresses related to Satoshi Nakamoto's holdings.

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Mars Finance News, according to Cointelegraph reports, the plaintiff Noah Doe and two Wyoming limited liability companies filed a lawsuit on May 1 in New York, requesting the court to determine their ownership of 39,069 dormant Bitcoin addresses, citing New York State Unclaimed Property Law, claiming that the addresses holding coins constitute "abandoned property" in a legal sense.
The addresses involved include the "12c6D" address associated with Satoshi Nakamoto and the "1Feex" address linked to the Mt. Gox hacker.
According to estimates by the on-chain analysis platform Timechain Index founder, the listed addresses collectively hold about 3.7 million BTC, worth approximately $285 billion.
However, Noveleader, chief research analyst at investment research firm Castle Labs, pointed out that even if the court rules in favor of the plaintiff, it would only be symbolic, as the Bitcoin network itself has no mechanism to redistribute funds without private keys.
Additionally, the plaintiff sent legal notices to P2PKH format addresses, while the actual BTC is stored in P2PK scripts.
The analyst believes this move "has structural flaws," which could render the notice process itself invalid.
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BluePeonyAlert
· 3h ago
If Satoshi's coins could move, BTC would have collapsed long ago, and you wouldn't even have the chance to sue.
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RollupStreetKid
· 14h ago
Laughing out loud, P2PKH notifies P2SH of the funds, how is this delivery process different from scam text messages?
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StakingDaydreamer
· 14h ago
Does the plaintiff think that Bitcoin is like a bank account, and that a court ruling can just seize it?
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NeonMint
· 14h ago
How much will this lawsuit cost, and do lawyers charge a percentage of the claim or bill by the hour?
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NonceNinja
· 14h ago
Core contradiction: The law wants to establish property rights, while cryptography says without a private key, it's just air.
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GateUser-76dcd439
· 14h ago
39,069 addresses, how does the plaintiff prove that all of them are "abandoned"—by guessing?
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SeaSaltAirdropParticipants
· 14h ago
Just watch the show; these kinds of cases are most likely to be settled and withdrawn in the end, with both sides just trying to make their presence felt.
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午休看TVL
· 14h ago
Dormant ≠ Abandoned, my wallet hasn't moved in three years, does that mean it has become public property?
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ForkItAnyway
· 14h ago
Mt. Gox hackers actually dare to claim their coins—aren’t they afraid that “black eats black” will lead to them vanishing in the physical world?
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WhaleTailWitness
· 14h ago
New York court manages on-chain addresses; this assertion of jurisdiction is more fantastical than the crypto price.
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