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The New York State Supreme Court has paused a default judgment proceeding involving 39,069 Bitcoin wallets, with the wallets totaling approximately 3.8 million BTC and valued at about $293 billion. The plaintiff, Noah Doe, attempted to claim ownership of these long-unused wallets under New York’s lost property laws, but New York attorney Ian R. Cohen filed an amicus brief saying that long-term inactivity does not equate to the abandonment of ownership, and that Bitcoin cannot be deposited with the police like physical property. The court paused the proceedings on June 5, and the case remains pending further hearings. In addition, some addresses listed in the case have recently shown on-chain transfers, including a wallet dormant since 2011 that transferred out 47.26 BTC. (Bitcoin com)