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Crypto

Lawsuit in New York seeks control of 3.7 million dormant bitcoin including Satoshi addresses

A lawsuit has been filed in a New York court seeking transfer of ownership of long-dormant bitcoin wallets, including addresses linked to Satoshi Nakamoto and the Mt. Gox hack. The plaintiff, using the name Noah Doe, argues under New York’s lost property law that inactive bitcoin should be treated as abandoned. The case targets 39,069 wallets said to hold about 3.7 million bitcoin, valued at about $290 billion, but industry figures question whether any ruling could be enforced.

Crypto

Ripple\'s former CTO mocks lawsuit seeking ownership of dormant bitcoin wallets, including ones linked to Satoshi

A lawsuit has been filed in a New York court seeking legal ownership of more than 39,000 dormant bitcoin wallets, including ones believed to belong to Satoshi Nakamoto. The claimant, identified as Noah Doe, asked the court to recognise ownership of wallets holding a total 3.79 million BTC. Ripple’s former chief technology officer David Schwartz mocked the case on X, saying Bitcoin SV would recognise it. The article notes bitcoin lacks a central authority to enforce such rulings.

Crypto

Former Ripple CTO says memecoins are not an investment, dismisses FUZZY backing claims

David Schwartz, a former chief technology officer at Ripple, said he has a negative view of treating memecoins as investments, as a community debate swirled around the XRP Ledger-based memecoin FUZZY. Schwartz denied that a settings change to receive the token was a sign of support, calling it a routine network procedure. He said he has no direct ties to FUZZY and no special information, while cautioning about the market impact of public remarks.