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Dormant Bitcoin address from 2011 moves 40 BTC worth $3.1M amid New York lawsuit over abandoned wallets

Market News
04 Sep 2026
Crypto news
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Neutral
Dormant Bitcoin address from 2011 moves 40 BTC worth $3.1M amid New York lawsuit over abandoned wallets

A Bitcoin address inactive since 2011 transferred 40 BTC valued at about $3.1 million, linked to a New York lawsuit claiming ownership of 39,069 allegedly abandoned wallets. The move proves control of the private key but does not confirm legal ownership, which remains disputed under New York lost-property law. The case involves billions in Bitcoin and challenges whether inactivity means abandonment. The court has yet to rule on ownership, and the plaintiffs may adjust their claims based on wallet activity.

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