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New York Suit Seeks Ownership of 39,069 Dormant Bitcoin Wallets

Cointelegraph
A New York lawsuit attempts to claim ownership of 39,069 dormant Bitcoin wallets, including those linked to Satoshi Nakamoto.

Summary

A lawsuit filed by Noah Doe and two Wyoming-based LLCs claims ownership of 39,069 dormant Bitcoin addresses under New York's lost-property laws. The plaintiffs argue these assets are abandoned, including significant holdings linked to Satoshi Nakamoto and the Mt. Gox hack. However, experts emphasize that the lawsuit lacks technical enforceability, as the Bitcoin network requires private keys for asset control and the plaintiffs' legal notices were sent to structurally incorrect address formats.

(Source:Cointelegraph)