Satoshi-era BTC at center of $285 billion bitcoin lawsuit moves after 14 years
A Bitcoin address holding 35.55 BTC since March 2011 moved its coins this week, sending 15 BTC to a new address and keeping 20.55 BTC as change. The wallet, 1LwWtSs7tMCwcRczQd5kVMv3xpWw6w4Sxe, is tied to a New York lawsuit that seeks legal ownership of about 3.8 million dormant bitcoins under the state’s lost-property law. The case uses on-chain service via OP_RETURN messages and named this wallet after a dust-transaction notice campaign in 2025. Galaxy Research flagged the transfer as one of the first visible responses from a defendant in the active case, suggesting the coins were not abandoned. The move happened well after the response deadline and after the lawsuit was filed. Another long-dormant 2011 wallet also moved 20 BTC around the same time, though it does not appear connected to the lawsuit. The transfers occurred during a broader bitcoin downturn near $70,000.
