Hearing set for September in lawsuit over Satoshi's BTC ownership

A U.S. lawsuit concerning the ownership of long-dormant BTC wallets, including those believed to belong to founder Satoshi Nakamoto, is scheduled for a hearing on Sept. 8, according to Alex Thorn, head of research at Galaxy Digital. The plaintiff, Noah Doe, is claiming ownership of the assets, arguing that the BTC constitutes "abandoned property." The Bitcoin Policy Institute has asked the court to dismiss the case. The institute warned that if the plaintiff's argument is legally recognized, it could set a precedent for revoking the ownership of self-custody users, potentially shaking the entire ecosystem.