Bitcoin Wallet Moves After Over a Decade Amid Lawsuit
- A Bitcoin wallet, 1LwWtSs7tMCwcRczQd5kVMv3xpWw6w4Sxe, moved 15 BTC valued at $2.54 million on June 2, after being dormant since March 2011.
- The lawsuit claims legal ownership over approximately $285 billion worth of Bitcoin across nearly 39,069 wallets.
- Plaintiff Noah Doe is seeking ownership under New York’s lost-property statute, positioning himself as a “finder” of abandoned property.
- The wallet was served notice in July 2025 and had a response window that expired before the recent transaction.
- Another dormant wallet, holding BTC since the same era, transferred funds shortly before the first wallet’s movement.
The recent activity from these wallets highlights ongoing legal disputes over cryptocurrency ownership and the complexities of asset recovery under state laws.
The movement of the 1LwWt wallet signifies one of the first visible responses in this high-stakes case involving $285 billion in Bitcoin assets.(Source)
