15-year dormant BTC wallet moves funds amid ownership lawsuit

A dormant Bitcoin wallet that had been inactive for nearly 15 years has transferred 30 BTC, worth $1.9 million, according to Galaxy Research. The wallet last received a BTC deposit in August 2011. This wallet is one of 39,069 dormant addresses targeted in an ownership lawsuit filed in a New York court by an anonymous plaintiff known as Noah Doe and two Wyoming-based entities. The plaintiffs are citing New York's lost property law to claim ownership of the long-inactive Bitcoin wallets. The list of wallets in the lawsuit reportedly includes addresses believed to belong to Bitcoin creator Satoshi Nakamoto, holding a total of 3.7 million BTC, worth approximately $234 billion. Alex Thorn, Head of Research at Galaxy Digital, noted that dormant addresses linked to the lawsuit have been increasingly activating. He explained that while only five such addresses moved 4,834 BTC in February, the activity surged in June, with 31 addresses transferring a total of 17,527 BTC.