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NY court case challenges ownership of 39,000+ inactive Bitcoin wallets under abandoned property law

Market News
25 May 2026
Blockonomi
View Source
Neutral
pluang ai news

A New York court case has been filed seeking legal ownership of 39,069 inactive Bitcoin wallets, applying traditional abandoned property laws to cryptocurrency. The plaintiff, Noah Doe, claims these wallets are abandoned after using a proprietary algorithm to identify them and notifying potential owners through blockchain messages. This case raises complex issues about how courts handle digital assets without centralized control and challenges the principle of Bitcoin self-custody. The outcome could set a precedent for future disputes over dormant cryptocurrency holdings.

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