Search results for Noah Doe
Crypto
Dormant bitcoin awakens after 14 years, ownership dispute in focus on 720,000 percent return
A cache of 30 bitcoin that had not moved for more than 14 years has recently been transferred, drawing attention. The coins were first received on Aug. 7, 2011 and moved in bitcoin block 956627. Galaxy Research said the wallet had been dormant for 14 years and 9 months, valuing the holdings at $1.88 million and calculating a 719,353 percent return based on a $9 average purchase price. The coins are linked to an ongoing ownership lawsuit in New York.
Crypto
Bitcoin lawsuit targeting suspected Satoshi holdings draws first anonymous holder response
An opposing party has emerged in a New York lawsuit over ownership of long-dormant bitcoin holdings worth more than $200 billion, including coins widely believed tied to Satoshi Nakamoto. A pseudonymous respondent, John Doe 33, filed a notice to appear and said he would answer the case. Plaintiffs seek ownership of about 3,799,000 bitcoin linked to 39,069 inactive addresses under New York’s abandoned property law. The dispute centres on whether inactivity can legally indicate loss or abandonment.
Crypto
New York court pauses lawsuit seeking ownership of 39,069 dormant bitcoin wallets
A New York court has temporarily paused proceedings in a lawsuit seeking to transfer ownership of tens of thousands of bitcoin wallets to the plaintiffs. The pause will remain in place until a July 14 hearing on an amicus brief. The case targets 39,069 addresses claimed to be lost or abandoned, but a recent transfer of about 35.55 bitcoin from a long-dormant address linked to the lawsuit has raised questions about that assertion.
