A long-dormant Bitcoin wallet holding 35.55 BTC since 2011 transferred funds this week, marking an early visible action by a defendant in a major New York lawsuit. The move follows legal notices served via the blockchain in 2025. Plaintiffs seek ownership of millions of similar coins under state lost-property rules.
The address 1LwWtSs7tMCwcRczQd5kVMv3xpWw6w4Sxe sent 15 BTC to a new location on June 2, 2026, at 16:46 UTC in block 952,104. It retained the rest as change. The coins had remained untouched since receipt on March 27, 2011. The transaction occurred in the context of a lawsuit filed March 11, 2026, by a plaintiff known as Noah Doe and two Wyoming LLCs. They claim title to about 3.8 million BTC worth roughly $285 billion under New York Personal Property Law Article 7-B. The court allowed service through OP_RETURN messages on the blockchain, with notices sent in June and July 2025. Galaxy Research analyst Alex Thorn noted the movement on X, labeling the wallet as defendant number 38215. A separate 2011-era address also shifted 20 BTC around the same time but was not named in the case. Bitcoin traded near $60,000 amid broader market declines at the time of the transfers.
