New York · Bitcoin · Cointelegraph
Defendant files to dismiss New York suit seeking ownership of 39,069 Bitcoin wallets
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A defendant who owns one of the dormant Bitcoin wallets filed to dismiss the New York case, which seeks ownership of $229 billion worth of Bitcoin considered lost.
Key facts
- There are currently 3.5 million BTC, worth about $215 billion, that have been dormant for the past 10 years and another 6.6 million coins, worth around $406 billion, that have been dormant
- A defendant who owns one of the dormant Bitcoin wallets filed to dismiss the New York case, which seeks ownership of $229 billion worth of Bitcoin considered lost
- The complaint lists 39,069 Bitcoin addresses, including wallet addresses widely associated with Bitcoin creator Satoshi Nakamoto and the Mt. Gox hacker
- The filing challenges the lawsuit filed in May by plaintiff “Noah Doe” and two Wyoming-based LLCs, ABC Company and XYZ Company
Summary
A pseudonymous defendant has moved to dismiss a New York lawsuit seeking ownership of 39,069 dormant Bitcoin addresses, arguing that Bitcoin addresses are merely data strings that cannot be sued. The defendant, identifying themselves as “John Doe 33,” filed a notice of appearance and motion to dismiss on Thursday, claiming they control one of the dormant wallets named in the lawsuit. According to the motion, the lawsuit is legally defective because Bitcoin address strings are neither persons nor legal entities subject to the court's jurisdiction. The filing challenges the lawsuit filed in May by plaintiff “Noah Doe” and two Wyoming-based LLCs, ABC Company and XYZ Company.