Bitcoin Address from Satoshi Era in $285 Billion Lawsuit Becomes Active After 14 Years

A Bitcoin wallet inactive since 2011 moved coins, linked to a $285 billion lawsuit.

A wallet holding 35.55 BTC, inactive since March 2011, has moved coins for the first time. CoinDesk linked the address to a New York case where plaintiffs seek rights to 3.8 million BTC from tens of thousands of “dormant” accounts.

On June 2, the wallet (starting with 1LwWt) transferred 15 BTC, with another 20.55 BTC sent to a change address. The transaction was included in block #952104. When the coins were received in 2011, Bitcoin was worth less than $1.

CoinDesk connected the address to a lawsuit in the New York County Supreme Court: plaintiffs are seeking ownership of approximately 3.8 million BTC (around $285 billion) from 39,069 “dormant” addresses. They request the assets be declared abandoned property.

According to the report, the lawsuit was filed on March 11, 2026, with amendments made on May 1. The case names an anonymous plaintiff, Noah Doe, and two Wyoming companies — ABC Company and XYZ Company. The claims are made under Article 7-B of New York State’s Personal Property Law.

The court allowed notifying alleged coin owners through messages in the OP_RETURN field. Noah Doe’s advisor, Salomon Brothers Strategic Advisors, sent 98 series of “dust” transactions of 546 satoshis in June and July 2025. The address 1LwWt received a notification on July 31, 2025, demanding ownership confirmation by November 5, 2025.

Head of Research at Galaxy Research, Alex Thorn, stated that the company tracked this wallet as defendant #38215 in the Noah Doe case.

these very old coins were served by ‘Noah Doe’ in the abandoned property case

apparently they were not, in fact, abandoned 🤔 https://t.co/EMwKUFKZKs

— Alex Thorn (@intangiblecoins) June 2, 2026

“It turns out it was not actually abandoned,” he noted.

CoinDesk also notes that the movement of funds occurred nearly seven months after the 90-day response period expired and about three months after the lawsuit was filed. According to Galaxy, during the initial notification distribution, hundreds of addresses had already moved coins and were excluded from the final list of defendants.

As reported by CryptoQuant, the wave of “old” Bitcoin sales was described as the “largest release” of long-term supply of the first cryptocurrency in history.