Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
Gate Card
Rewards
Square
Latest
Hot
News
Profile

New York lawsuit seeks to establish legal ownership of 39,069 Bitcoin wallets

CoinNetwork
robot
Abstract generation in progress
CryptoWorld News reports that a lawsuit was filed in the U.S. state of New York on May 1, 2026, in which the plaintiff, Noah Doe, seeks a court declaration of legal ownership over 39,069 long-dormant Bitcoin wallet addresses. The complaint cites Section 7-b of the New York Personal Property Law, stating that these wallets are considered “abandoned” property because security vulnerabilities prevent the original owners from withdrawing funds. Doe said that he discovered these wallets in October 2024, developed an algorithm to identify wallets that meet the abandonment criteria, reported them to the New York Police Department, and spent one year searching for the original owners. The complaint asks the court to confirm that Doe and his two assignee companies (ABC Company and XYZ Company) are the lawful owners of these wallets and their contents. On December 1, 2025, Doe transferred ownership of all but 18 wallets to ABC Company, which then transferred 17.7% of the rights to XYZ Company. Based on estimates by the founder of the blockchain analytics platform Timechain Index, the total holdings of these wallets are approximately 3.7 million Bitcoins, worth about $285 billion at current prices.
BTC-1.25%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • 3
  • Share
Comment
Add a comment
Add a comment
DustyLedgerKid
· 7h ago
Timechain Index—this name is derived from “timechain index,” which is pretty Web3.
View OriginalReply0
GlassDomeBaskingInMoonlight
· 15h ago
The New York State courts are set to become the world's largest wallet arbitration tribunal.
View OriginalReply0
GweiGossip
· 15h ago
3.7 million BTC? 285 billion? Would the court dare to rule?
View OriginalReply0
PerpMoodSwing
· 15h ago
ABC transfers 17.7% to XYZ, maximizing tax planning
View OriginalReply0
APeacockSpreadingItsTailLooks
· 15h ago
If this algorithm is really effective, on-chain archaeology will become popular in the future.
View OriginalReply0
CandleAfterTheRain
· 15h ago
Anyone who can get along with this person, find the treasure first, then notify the police
View OriginalReply0

  • Pinned

Sitemap