New York Court Sets July 14 Hearing in $226B Bitcoin Lawsuit Targeting Dormant Wallets

A New York court has scheduled a July 14 hearing in a lawsuit seeking to claim approximately 3.7 million $BTC, valued at roughly $226 billion at current market prices and about $286 billion at the time of filing, from thousands of dormant Bitcoin wallets. The plaintiffs argue under New York law that the addresses constitute abandoned property because their original owners have been unable to access or spend the holdings.

Filed by Noah Doe together with Wyoming-based companies ABC Company and XYZ Company, the action targets 39,069 dormant Bitcoin addresses. The complaint lists wallets linked to Bitcoin's pseudonymous creator, Satoshi Nakamoto, as well as the "1Feex" address, which holds funds stolen in the Mt. Gox exchange hack. The plaintiffs contend the addresses should be treated like unclaimed or missing property and have reported them to the New York Police Department.

Court records confirm the July 14 hearing date. The case centers on the legal theory that prolonged inaccessibility of the $BTC renders the holdings ownerless under New York abandonment statutes, allowing third parties to pursue ownership claims. The complaint frames the targeted Bitcoin as permanently unused and seeks to bring the addresses under New York's framework for unclaimed property.