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US man sues for ownership of 39,000+ dormant Bitcoin wallets holding $285B in BTC

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

A pseudonymous US man filed a lawsuit in New York seeking ownership of over 39,000 dormant Bitcoin addresses estimated to hold about 3.7 million BTC worth $285 billion. The suit claims these wallets are abandoned property under New York's lost-property law, marking a novel legal test for cryptocurrency ownership without private keys. The plaintiff sent blockchain notices and press releases but received no claims from original owners. The case raises questions about enforceability since Bitcoin requires private keys for control, and no US court has ruled on such dormant wallet claims before. The outcome could set precedent for digital asset property rights or reinforce the principle that possession of keys equals ownership.

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