Dormant $1.9M Bitcoin tied to New York lawsuit moves after nearly 15 years
A dormant Bitcoin address, 1KV47, moved 30 BTC worth about $1.88 million for the first time in nearly 15 years after receiving the coins in August 2011. The address is one of 39,069 named in a New York lawsuit by “Noah Doe” and two Wyoming companies seeking control of dormant Bitcoin, raising a test case for how inactive crypto may be treated under lost-property law. Those addresses include some linked to Satoshi Nakamoto and reportedly hold about 3.7 million BTC. More dormant addresses tied to the case have recently become active: 31 moved 17,527 BTC in June, up from five addresses moving 4,834 BTC in February. A defendant called “John Doe 33” has moved to dismiss the suit, arguing Bitcoin addresses are just data strings and cannot be sued. Critics say inactivity alone does not prove abandonment, and without private keys the case for claiming the coins is weak.
