A Wyoming LLC filed a lawsuit in New York Supreme Court seeking ownership of 39,069 Bitcoin wallets it claims are abandoned property. The plaintiff, operating under the pseudonym "Noah Doe," says he built an algorithm to identify dormant Bitcoin wallets that have been inactive for at least five to six years. He brought USB drives containing the wallet addresses to the NYPD's 17th Precinct, reporting them as found property under New York's lost-and-found law. The complaint claims notices were sent to wallet owners via OP_RETURN blockchain messages, a public webpage, and a global press release. Owners were given 90 days to respond. Of the original 42,001 wallets flagged, 2,932 were removed after some showed on-chain activity. The remaining 39,069 wallets did not respond. The plaintiff is now asking the court to declare him the legal owner of all 39,069 wallets and the Bitcoin inside them under New York Personal Property Law Article 7-B, which governs found and abandoned property. The wallets reportedly hold approximately 3.8 million BTC. The complaint argues that losing a private key does not destroy the property interest in a wallet, likening dormant wallets to abandoned bank accounts. The case names all 39,069 wallet holders as "John Doe" defendants. The plaintiff is not claiming to have the private keys to any of the wallets. He is seeking a court order declaring ownership. The complaint was filed May 1, 2026 under Index No. 153119/2026. h/t (DailyStackHQ) image

Replies (20)

Empka's avatar
Empka 1 month ago
Faketoshi wannabe 😆
fade2's avatar
fade2 1 month ago
This is to wash illicit bitcoin proceeds, obviously.
"26. Generally, users of digital wallets are aware of the instability and volatility of cryptocurrency and thus tend to monitor cryptocurrencies periodically" me: maybe; but, not an entirely unreasonable assumption "... in order to be prepared to realize significant gains and avoid or offset significant losses." me: for some - if not most - okay, sure. "... Accordingly, digital wallets that are inactive or dormant for five years or longer are highly likely to have been abandoned." me: G.F.Y.
FL Justin's avatar
FL Justin 1 month ago
Looks like we are going to get that Strategic Reserve after all..... Trump always preferred the court system vs doing the work View quoted note →
Gold in Fort Knox is abandoned. Here is the street address the owner has 90 seconds to claim it or I’m taking it
Is this a ploy to get people to contact the government and claim ownership of their bitcoin address?
DanDan's avatar
DanDan 1 month ago
These days, I don't put anything past anyone.
presumably their list of addresses are submitted as "instruments". the statute says that instruments entitle the bearer to "a right with respect to property or a share" ... but that's not what a public key does now, if they were to find abandoned *private keys* worth more than $20, they might be entitled to ownership if they mailed those keys to the NYPD 🤣
weev's avatar
weev 1 month ago
the plan is to wait until someone moves the coins to an exchange and then use his legal claim to the property to try to steal them. New York… wonder what his ethnicity is.