A MAN JUST SUED TO CLAIM OWNERSHIP OF 39,069 DORMANT BITCOIN WALLETS WORTH $285 BILLION INCLUDING SATOSHI NAKAMOTO’S COINS AND HIS LEGAL STRATEGY IS INSANE..
Noah Doe filed a lawsuit in New York Supreme Court claiming 3.8 million Bitcoin in wallets that haven’t moved in 6+ years That’s 18% of all Bitcoin that will ever exist..
He doesn’t have the private keys He didn’t hack anything..
He’s using a law from 1958 designed for physical lost and found property..
He built an algorithm scanning the blockchain for wallets with zero activity through 5+ years and multiple bull markets where any rational person would have moved something It found 42,082 wallets 424 owners proved they still had access 39,069 stayed silent.
Then he copied the wallet addresses onto USB drives Walked into the NYPD And turned them in as found property..
The police accepted them,, Issued receipts.. Held them for months,, Nobody claimed them.. The NYPD returned the drives
Under New York law,, Unclaimed found property legally belongs to the finder..
Wallet Top 1 on his list,, The 1Feex address.. 80,000 Bitcoin worth $6 billion.. Stolen from Mt. Gox in 2011.. The DOJ charged two Russian nationals for the hack.. The Mt. Gox estate says it’s stolen property.. Craig Wright claims he bought the coins.. Now Noah Doe says they’re abandoned..
Four parties One wallet,Three countries’ courts..
He’s also claiming Satoshi Nakamoto’s wallets.. Dormant since 2010 , His argument If you didn’t move a single coin through a 20x price increase, You’re either dead, locked out, or gone..
Crypto’s response.. Holding long-term IS the point.. HODLing is not abandonment..
He valued each wallet at under $10 for court purposes.. Because without private keys the Bitcoin is worth nothing today..
So why claim $285 billion you can’t touch..
Quantum computing.. Experts predict that within a decade quantum processors could break early Bitcoin cryptography.. The oldest wallets expose their public keys directly on the blockchain.. If Noah Doe has legal title when that tech arrives.. He’s not a hacker recovering stolen coins.. He’s a property owner accessing his own assets..
He’s buying a $285 billion call option on quantum computing..
And if any original owner recovers their key and tries to sell through a regulated exchange.. He serves a court order freezing the funds.. Legal title means nobody can safely cash out..
He’s already moved everything into Wyoming LLCs and irrevocable trusts.. Ready to sell fractional legal claims to institutional buyers.
But there’s a fatal flaw..
He sent legal notices using a modern address format.. The oldest wallets including Satoshi’s use an archaic format that can’t receive those notices.. The most valuable targets were never actually notified.
If the court catches this The case collapses..
If it doesn’t One man with an algorithm, some USB drives, and a 68-year-old law could legally own 18% of all Bitcoin ever created.