Satoshi-Era Bitcoin Moves After 14 Years Amid $285B Lawsuit
A Bitcoin address dormant since March 2011 moved 15 BTC, becoming the first on-chain response from a defendant in a $285 billion lawsuit claiming ownership of 39,069 dormant wallets.
A Bitcoin address that had been dormant since March 2011 moved 15 BTC on June 2, marking the first on-chain activity from a defendant in a $285 billion lawsuit filed in New York. The wallet, 1LwWtSs7tMCwcRczQd5kVMv3xpWw6w4Sxe, received the original 35.55 BTC when bitcoin traded below $1. It sent 15 BTC to a new address and kept 20.55 BTC as change, recorded in block 952,104.
The lawsuit, filed March 11, 2026 at the New York County Supreme Court, claims legal title over 39,069 dormant bitcoin wallets. This move represents one of the first publicly visible responses from a named defendant. The timing of the transaction, coming after 14 years of inactivity, suggests the holder is actively engaging with the legal proceedings. For crypto traders, such movements from early-era wallets often draw attention due to their potential impact on market sentiment and supply dynamics. Live crypto prices and charts on NowPrice show how the market is reacting to this development.
Market participants will watch for further movements from other dormant wallets named in the lawsuit. The case could set a precedent for legal claims over long-inactive crypto assets. Any large-scale transfers from these wallets could introduce selling pressure, though the immediate impact is likely limited given the relatively small amount moved. The next court hearing and any additional on-chain activity will be key to gauge the direction of this high-stakes legal battle.