New York · Bitcoin · CryptoSlate
Mystery owner challenges the $200 billion ‘shed’ Satoshi Bitcoin claim in New York court
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
A pseudonymous respondent has appeared in New York court to challenge a lawsuit seeking control of over $200 billion worth of long-dormant coins tied to the network’s earliest days, including those linked to Satoshi Nakamoto, Bitcoin's pseudonymous founder.
Key facts
- CryptoSlate previously reported that about 52 of the addresses named in the lawsuit transferred roughly 34,335 Bitcoin, worth more than $2 billion at current market valuations
- At current market prices, the targeted coins are worth more than $200 billion, while the plaintiffs list the claim at $10 for statutory and jurisdictional purposes
- Bitcoin is +2.78% over the past 24 hours and currently sits at rank # 1 by market cap
- The respondent, using the name John Doe 33, filed a notice of appearance on June 30 in New York Supreme Court, saying he is a “natural person and a real human being” with constitutionally protected
Summary
01 A mystery holder filed in New York court to oppose a bid for control of dormant Bitcoin wallets tied to early miners. 02 The lawsuit targets 39,069 inactive addresses and claims legal title to about 3.799 million Bitcoin, worth over $200 billion. 03 The court must decide whether John Doe 33 can stay pseudonymous and whether his dismissal bid can stop the case. The respondent, using the name John Doe 33, filed a notice of appearance on June 30 in New York Supreme Court, saying he is a “natural person and a real human being” with constitutionally protected property rights.