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
Stocks
CFD
U.S. stock CFD derivatives
Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
GUSD
Mint GUSD for Treasury RWA yields
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
Rewards
Square
Latest
Hot
News
Profile

New York judge pauses a lawsuit over ownership of 39,000 Bitcoin wallets; an amicus hearing is scheduled for July

MarsBitNews
robot
Abstract generation in progress
Mars Finance News, according to a report by The Block, New York State Supreme Court Judge Kathy J. King signed an order to pause a lawsuit seeking to claim ownership of 39,069 dormant Bitcoin wallets. A hearing is scheduled for July 14 on a key amicus brief. The plaintiffs in the case are using the pseudonym “Noah Doe” and two shell companies, and they are seeking to claim these wallets under New York State’s Unclaimed Property Law. Attorney Ian R. Cohen filed an amicus brief opposing the plaintiffs’ claims. He argued that the Unclaimed Property Law is intended for tangible items, whereas blockchain addresses are always visible to the entire world; if the original owners are unable to extract assets due to security vulnerabilities, that is a passive loss of access rather than a voluntary abandonment. Cohen emphasized that the plaintiffs do not have the private keys, and that the blockchain network “structurally disregards” judicial rulings; the court’s declaration cannot truly transfer ownership of the assets and may instead be used by the plaintiffs to mislead exchanges and custodians. Previously, on May 26, it was reported that an American man and two companies filed a lawsuit seeking ownership of more than 39,000 dormant Bitcoin address.
BTC2.05%
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

Sitemap