15-Year-Old Bitcoin Wallet Springs to Life: 75 BTC Moved Amid $260 Billion Lawsuit - Kriptofoni
A Bitcoin wallet dormant since 2011 has transferred 75 BTC worth approximately $5 million, according to CoinDesk, amid a $260 billion lawsuit over ownership of dormant cryptocurrency addresses.
The transaction occurred on November 12, 2026, transferring the entire balance from the address to a new location. The wallet had not moved its holdings since 2011, making this transfer particularly significant in the cryptocurrency community.
Blockchain records reveal that the transaction included not only the dormant Bitcoin but also small payments previously sent to the address, including a 546 satoshi transfer on May 22, 2026, which served as a court-authorized legal notice about the ongoing proceedings.
$260 Billion Lawsuit
The wallet's activity comes amid a groundbreaking lawsuit filed in New York, where plaintiff Noah Doe and two Wyoming-based companies claim ownership of approximately 3.8 million BTC across 39,069 dormant Bitcoin addresses. The lawsuit argues that wallets inactive for at least five years should be classified as abandoned property.
The addresses reportedly include holdings attributed to Bitcoin's creator, Satoshi Nakamoto.
Legal Implications
The recent transfer challenges the plaintiffs' central argument that the Bitcoin holdings should be considered abandoned. The movement of assets untouched for approximately 15 years demonstrates that access to the relevant private key remains possible.
However, the transfer doesn't necessarily indicate a response to the legal notice, and even if the plaintiffs win the case, they would still need control of the private keys to access the Bitcoin. Another old Bitcoin address involved in the lawsuit had previously shown similar signs of activity.
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