Dormant $1.9 million Bitcoin tied to New York suit moves after nearly 15 years
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A Bitcoin address dormant for nearly 15 years moved $1.9 million in BTC as a New York lawsuit seeks ownership of thousands of inactive holdings.
Key facts
More dormant Bitcoin addresses tied to the New York lawsuit have been waking up, with 31 of them moving 17,527 BTC in June, up from five that transferred 4,834 BTC in February, according to Galaxy
A dormant Bitcoin address transferred 30 BTC worth about $1.88 million for the first time in almost 15 years
The listed addresses include those widely associated with Bitcoin creator Satoshi Nakamoto and collectively hold an estimated 3.7 million BTC worth about $234 billion, according to Sani, founder
A Bitcoin address dormant for nearly 15 years moved $1.9 million in BTC as a New York lawsuit seeks ownership of thousands of inactive holdings
Summary
A dormant Bitcoin address transferred 30 BTC worth about $1.88 million for the first time in almost 15 years. Bitcoin address "1KV47" made its first outgoing transfer on Saturday since receiving 30 BTC in August 2011, blockchain data shared by Galaxy Research shows. The address is among 39,069 listed in a New York lawsuit filed by "Noah Doe" and two Wyoming-based companies seeking ownership of dormant Bitcoin holdings. The listed addresses include those widely associated with Bitcoin creator Satoshi Nakamoto and collectively hold an estimated 3.7 million BTC worth about $234 billion, according to Sani, founder of analytics platform Timechain Index.