Satoshi-era bitcoin at center of $285 billion suit moves after 14 years
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A Bitcoin address that had held 35.55 bitcoin worth $2.54 million untouched since March 2011 moved its coins earlier this wee, becoming one of the first publicly visible responses from a named defendant in a New York state lawsuit that claims legal title over 39,069 dormant bitcoin wallets.
Key facts
- The lawsuit, filed March 11, 2026 at the New York County Supreme Court under index number 153119/2026 and amended on May 1, names a pseudonymous plaintiff identified only as Noah Doe along with two
- The plaintiffs seek legal ownership of roughly 3.8 million bitcoin valued at approximately $285 billion under New York Personal Property Law Article 7-B, the state's lost-property statute, with Noah
- Meanwhile, a separate 15-year-dormant wallet, 1CDSyXAQxro4FPUoqAQb81642ruqDsUiNp, moved 20 BTC ($1.48 million) to a SegWit address approximately 13 hours before the 1LwWt move, per Arkham
- The wallet, 1LwWtSs7tMCwcRczQd5kVMv3xpWw6w4Sxe, sent 15 BTC to a new address and held the remaining 20.55 BTC as change in transaction b90755b at 16:46 UTC on June 2, recorded in Bitcoin block 952,104, per mempool
Summary
A long-dormant Bitcoin address holding 35.55 BTC since March 2011 moved its coins this week, marking one of the first visible on-chain responses from a named defendant in a sweeping New York lawsuit over 39,069 wallets. The case, brought by a pseudonymous plaintiff “Noah Doe” and two Wyoming LLCs, seeks legal ownership of about 3.8 million BTC under New York’s lost-property statute, with defendants notified via OP_RETURN dust transactions embedded on the blockchain. The wallet’s move, along with a separate transfer from another 2011-era address, comes amid a sharp Bitcoin price slide and highlights that some so-called Satoshi-era coins targeted as abandoned are in fact still controlled by their original holders.