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The Genesis-era Bitcoin wallet linked to the $285 billion lawsuit has made its first transfer after going dormant for 14 years.
Deep Tide TechFlow News, June 6th, according to CoinDesk, a "Satoshi Nakamoto Era" address that has not been used since March 2011 and holds 35.55 bitcoins (approximately $2.54 million) made a transfer this week. On-chain data shows that the address sent 15 BTC to a new address on June 2nd, with the remaining 20.55 BTC kept as change. When this address first received bitcoins, the price was less than $1.
This movement is seen as the first publicly visible response from defendants in a massive lawsuit involving about 3.8 million bitcoins (worth approximately $285 billion) in New York. In March this year, the plaintiff, using the pseudonym "Noah Doe," filed a lawsuit jointly with two Wyoming LLCs, attempting to claim ownership of 39k long-dormant bitcoin wallets under New York's Lost Property Law. Previously, the court approved the plaintiff to send a dust transaction on-chain to the relevant wallets via the Bitcoin OP_RETURN field, attaching a legal notice link, requiring the holders to prove ownership within a limited time.
The wallet listed as defendant number 38215, 1LwWt, directly refutes the plaintiff's claim that the assets have been abandoned. Alex Thorn, head of research at Galaxy Research, pointed out, "Clearly, these bitcoins have not actually been abandoned." Additionally, another address, 1CDSy, which has been dormant for 15 years and was not listed in the lawsuit, transferred 20 BTC (about $1.48 million) on the same day. Multiple movements suggest that some early bitcoins considered "abandoned assets" are still under the control of the original holders.