Anonymous holders file a motion to dismiss the ownership lawsuit of dormant Bitcoin wallets in New York court
By: rootdata|2026/07/03 11:42:09
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According to Cointelegraph, the New York State Supreme Court faced a key defense in the lawsuit regarding the ownership of 39,069 long-unused Bitcoin addresses. An anonymous defendant controlling the dormant wallet involved in the case formally submitted a request to the court to dismiss the lawsuit outright. This anonymous holder presented a core legal argument: Bitcoin addresses are merely a string of data characters on the blockchain, do not belong to a legal entity, and are not eligible to be sued.
In addition, industry perspectives highlighted a critical technical shortcoming of the case: even if the court ultimately rules in favor of the plaintiff's claim for rights, without possessing the corresponding private keys, the plaintiff would be unable to transfer or control this batch of Bitcoin assets on-chain, rendering the judgment practically unenforceable.
The plaintiff in this lawsuit attempted to apply New York's lost property regulations, claiming that tens of thousands of long-sleeping BTC belong to unclaimed abandoned assets, intending to obtain full ownership of the assets through judicial means.
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