"The Satoshi Nakamoto era" Bitcoin addresses have moved after 14 years, with some dormant wallets still potentially controlled by their original owners.

robot
Abstract generation in progress

BlockBeats News, June 6 — A "Satoshi era" address that has not been used since March 2011 and holds 35.55 bitcoins (approximately $2.54 million) transferred funds this week. This is seen as one of the first publicly visible responses by the defendant in a lawsuit involving about 3.8 million bitcoins (worth approximately $285 billion) in New York.

On-chain data shows that on June 2, this address sent out 15 BTC to a new address, with the remaining 20.55 BTC kept as change. The address initially received bitcoins on March 27, 2011, when BTC was worth less than $1.

In March this year, a plaintiff using the pseudonym "Noah Doe" filed a lawsuit in a New York court, jointly with two Wyoming LLCs, attempting to claim ownership of approximately 3.8 million long-dormant bitcoins based on New York's Lost Property Law, and positioning themselves as the "discoverer." The court approved sending on-chain notifications to the relevant wallets via Bitcoin's OP_RETURN field. In July 2025, consulting firm Salomon Brothers Strategic Advisors sent dust transactions with legal notice links to 39k wallets, including the aforementioned address, requiring holders to prove ownership within 90 days.

Galaxy Research Director Alex Thorn pointed out that this address corresponds to defendant number 38215 in the case, "Clearly, these bitcoins have not actually been abandoned."

Additionally, another dormant address, 1CDSyXAQxro4FPUoqAQb81642ruqDsUiNp, which has been inactive for 15 years, transferred 20 BTC (about $148,000) on the same day, but this address was not listed in Noah Doe's lawsuit.

Analysis suggests that the on-chain activity indicates that some of the so-called "abandoned assets" from the Satoshi era are still under the control of the original holders.

BTC1.85%
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
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned