According to COINOTAG, on Thursday evening (November 13), a Bitcoin wallet dormant since 2011 moved 75 BTC, worth approximately $5 million, to a new address for the first time in 15 years. The transfer consolidated six inputs into a single payment, with blockchain records showing the coins now resting at their destination. The wallet is listed as defendant No. 3,419 in an amended complaint filed in New York by plaintiff Noah Doe and two Wyoming companies, which seeks to recover approximately 3.8 million BTC across 39,069 addresses under the theory that wallets inactive for five years constitute abandoned property under New York law.
Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.