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    Long-Dormant Satoshi-era Bitcoin Address Engages in $285 Billion Lawsuit Activity After 14 Years

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    A long-dormant Bitcoin address that had held 35.55 BTC since March 2011 has made a transaction this week, representing one of the first noticeable on-chain actions from a designated defendant in a comprehensive New York lawsuit concerning 39,069 wallets. The legal case, initiated by an anonymous plaintiff referred to as «Noah Doe» along with two Wyoming LLCs, aims to claim legal ownership of approximately 3.8 million BTC under New York’s lost-property law, with defendants informed via OP_RETURN dust transactions inscribed on the blockchain. The address, 1LwWtSs7tMCwcRczQd5kVMv3xpWw6w4Sxe, transferred 15 BTC to a new address while retaining 20.55 BTC as change in transaction b90755b at 16:46 UTC on June 2, as recorded in Bitcoin block 952,104, according to mempool.space data. The coins were originally received on March 27, 2011, when Bitcoin was valued at less than a dollar. The lawsuit was filed on March 11, 2026, in the New York County Supreme Court under index number 153119/2026 and was amended on May 1. The plaintiff, identified only as Noah Doe, along with two Wyoming LLCs, ABC Company and XYZ Company, are pursuing legal ownership of around 3.8 million BTC estimated at roughly $285 billion under New York’s Personal Property Law Article 7-B, which pertains to lost property, positioning Noah Doe as a «finder» according to the abandoned-property doctrine. The court permitted on-chain service of the defendants through OP_RETURN messages, a Bitcoin transaction field allowing users to embed brief text or URLs permanently on the blockchain. Noah Doe’s blockchain consultant, Salomon Brothers Strategic Advisors, disseminated 98 batches of dust transactions across Bitcoin blocks 950,446 to 950,576 in June and July 2025, each containing 546 satoshis and a link to the abandonment notice. The 1LwWt wallet received its notice on July 31, 2025, with a 90-day period to respond. Alex Thorn from Galaxy Research highlighted the wallet’s activity on X Tuesday morning, identifying it as the tracked Noah Doe defendant #38215, remarking, «Apparently, they were not, in fact, abandoned.» The wallet’s activity occurred nearly seven months after the 90-day response window lapsed and about three months post the formal filing of the lawsuit. Galaxy’s analysis indicated that numerous wallets executed transactions during the original notice campaign and were omitted from the final defendant list. The movement from the 1LwWt wallet, which took place after the lawsuit was already in progress with the wallet designated as a defendant, is one of the first visible actions from within the ongoing case. Concurrently, another 15-year dormant wallet, 1CDSyXAQxro4FPUoqAQb81642ruqDsUiNp, transferred 20 BTC (valued at $1.48 million) to a SegWit address roughly 13 hours before the 1LwWt transaction, based on data from Arkham Intelligence. The 1CDSy wallet received its original coins around the same 2011 timeframe but does not appear to have been targeted by the Noah Doe notice campaign or included in the lawsuit. These transactions occur amid a significant decline in Bitcoin’s price, which has dipped to nearly $60,000, influenced by Strategy’s first publicly announced Bitcoin sale, a record outflow streak from spot ETFs, substantial capital shifts, and stalled U.S.-Iran ceasefire negotiations. Satoshi-era coins were acquired prior to Bitcoin achieving a significant dollar value, implying that any sale at present levels would yield nearly infinite gains relative to their initial cost.

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