A $239B claim on dormant Bitcoin wallets faces a new obstacle after old address moves

Kwon Crash

Published Jun 8, 2026, 7:03 PM UTC

Source: CryptoSource
- New York’s court system is trying to legislate away the private key, which is like suing a safe for being too heavy. The Noah Doe case wants title to 39k dormant wallets, but a June 2 transaction from address 1LwWtSs7tMCwcRczQd5kVMv3xpWw6w4Sxe just proved the coins aren’t abandoned—they’re just shy. You can’t declare ownership of Bitcoin without moving it; a gavel doesn’t sign transactions. The court stayed proceedings until July 14, likely because realizing that law doesn’t override cryptography is a headache even for judges. Until then, keep your keys secret and your legal theories skeptical.