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Today in crypto, a New York lawsuit seeking ownership of 39,069 dormant Bitcoin wallets raises questions over lost crypto, private keys and property law, a new supply chain attack campaign is targeting crypto developers, and BitMEX says rising government bond yields signal a coming “structural” shift that will create a Bitcoin “supercycle” of rising prices.
A New York lawsuit filed by Noah Doe and two Wyoming-based LLCs, ABC Company and XYZ Company, seeks a court order declaring ownership of 39,069 dormant Bitcoin addresses, raising important questions about the legal treatment of inactive Bitcoin under property laws.
Filed on May 1, the suit claims that the coins tied to the listed addresses represent legally abandoned property they found and reported to the New York Police Department and claimed under New York lost-property law.
