Defendant Seeks Dismissal of $234B Bitcoin Dormant Address Lawsuit
2026-07-03 19:38

Woofun AI reports that an anonymous defendant, "John Doe 33," filed a motion to dismiss a New York lawsuit initiated in May regarding 39,069 dormant Bitcoin addresses. The plaintiffs claimed ownership of wallets holding approximately 3.7 million BTC, valued at $234 billion. The defendant argues that Bitcoin addresses are merely data strings and cannot be sued as entities or recovered under lost property laws. Blockchain data indicates the defendant may control a wallet receiving 5,000 BTC in April 2014, which has remained static for 12 years and is now worth over $300 million. Alex Thorn, head of research at Galaxy Digital, stated that this motion prevented an "almost certain" default judgment and highlighted jurisdictional flaws in the case.

Disclaimer: Views are the author's own and do not represent the platform. Do not reproduce without permission. Content is for reference only, not investment advice. Trade at your own risk.
Tags:
BTC
Noah Doe
John Doe 33
Alex Thorn
Foresight News
Galaxy Digital
比特币
Share:
back