Anonymous Holder Moves to Dismiss NY Lawsuit Over Dormant Bitcoin Wallets
2026-07-03 19:34

Woofun AI reports that an anonymous defendant in the New York State Supreme Court has filed a motion to dismiss ownership litigation involving 39,069 dormant Bitcoin addresses. The defense contends that a Bitcoin address is merely a data string on the blockchain and lacks legal personhood, thereby disqualifying it from being sued. Industry analysis notes that even if the plaintiff prevails under lost property regulations, the judgment would be practically unenforceable without the corresponding private keys required to control the BTC assets.

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