Sleeping for seven years means no owner? Is this algorithm looking for code vulnerabilities or legal loopholes?

CoinWorld reports that New York State filed a lawsuit on 2026-05-01, with plaintiff Noah Du seeking to confirm the legal ownership of 39,069 long-dormant Bitcoin wallets and their contents, claiming them as abandoned property. Du discovered and developed an algorithm to identify abandoned wallets in 2024, reported it to the police, and searched for owners for a year. The complaint requests the court to recognize Du and his assignee company ABC, XYZ as the legitimate owners. On 2025-12-01, ownership of all wallets except 18 was transferred to ABC, which then transferred 17.7% to XYZ. Timechain Index founder estimates total holdings of about 3.7 million BTC, currently valued at approximately $285 billion.