'Lost' 2011 Bitcoin Suddenly Moves

utoday06-07 08:04

A long-dormant cache of Bitcoin, which has been untouched since 2011, has suddenly moved on-chain. This has reignited intrigue surrounding a rather controversial legal battle playing out in New York. ...

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It seeks quiet title to over 3.7 million BTC across more than 39,000 dormant addresses. The total value of these assets is an eye-popping $293.5 billion. New York’s lost-and-found property statute is being used in an attempt to claim legal ownership of the addresses. The list includes roughly 21,923 Satoshi-era \"Patoshi\" addresses linked to Satoshi Nakamoto’s personal stash.An unnamed expert for the plaintiffs appraised each of the 39,069 addresses as being worth less than $10. It allows the plaintiffs to bypass a lengthy police holding period.  Earlier, the plaintiff executed 98 batch transactions, sending 546 satoshis to all 39,069 addresses with a link to the legal pleadings. This is likely a highly coordinated operation. The reawakened coinsThe recent movement of the 47.26 BTC is rather notable because the address in question (18sLgPeB9wQVrE8JoWqtKtnucbsx3Lw1m7) is named as Defendant Address #37923 in the Noah Doe case. As noted by Galaxy Research, dormancy is a feature of Bitcoin, not a sign of abandonment.\"A victory for the plaintiffs would not grant them the private keys to access the coins, but a court declaration of ownership could be weaponized to freeze assets or encumber funds. The most recent movement of Address #37923 shows that at least one of these \"abandoned\" owners is very much alive and well.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2641517645","isCrawlerRequest":true}