'Real owner' emerges to challenge lawsuit over 3.8M dormant BTC

An individual has come forward claiming to be the actual owner of wallets involved in a lawsuit seeking control over approximately 3.799 million BTC in long-dormant coins, including those presumed to belong to Satoshi Nakamoto. According to CryptoSlate, a plaintiff under the pseudonym Noah Doe filed a lawsuit in a New York court last month, arguing that about 39,000 dormant wallets should be considered lost property. These wallets hold an estimated $234 billion worth of BTC believed to be owned by Satoshi and other early Bitcoin miners. In a new development, a defendant using the pseudonym John Doe 33 has challenged the suit, asserting ownership of the wallets. The media outlet noted that the case could set a precedent for whether lost property laws can be applied to long-dormant cryptocurrency.