Bitcoin wallet in $293B lawsuit moves $3.1M in BTC

A Bitcoin address named in a New York lawsuit involving 39,069 allegedly abandoned addresses transferred 40 BTC on Sept. 3 after remaining inactive since Nov. 5, 2011. Summary A Bitcoin address dormant since 2011 transferred 40 BTC worth approximately $3.1 million on Thursday. Galaxy linked the address to litigation seeking title over 39,069 allegedly abandoned Bitcoin wallets collectively. The transaction demonstrates control of private keys but does not identify the wallet’s legal owner. Plaintiffs rely on New York lost-property law, but opponents dispute its application to self-custodied Bitcoin. The court has not awarded the disputed coins, and the ownership case remains unresolved. The transaction was confirmed in Bitcoin block 965,330. Galaxy Research valued the transfer at approximately $3.1 million and identified the sending address as “Noah Doe #38097,” linking it to the pending ownership lawsuit. 🌚 Awakened — dormant 14+ years40.00 BTC ($3.09M) untouched since first received 2011-11-05 (14.8y ago) — just moved in block 965330Address: 1AQWrGKnFTHrp1UBRPAk5YpXTvy93xgTfvSender Attribution: Noah Doe #38097Recipient: Unknown💰 Realized PnL: +$3.10M (+2,571,899% gain) -…— Galaxy...