A Bitcoin address holding coins since March 2011 has moved its funds, becoming one of the first publicly visible responses from a defendant in a $285 billion New York lawsuit. The wallet, 1LwWtSs7tMCwcRczQd5kVMv3xpWw6w4Sxe, sent 15 BTC to a new address on June 2, 2026, per blockchain data.
The original coins were acquired when Bitcoin traded below $1.
The lawsuit, filed March 11, 2026, in New York County Supreme Court, claims legal title over roughly 3.8 million Bitcoin in 39,069 dormant wallets under the state's lost-property statute. The pseudonymous plaintiff, Noah Doe, acts as a "finder" under abandoned-property doctrine. The court authorized service via OP_RETURN messages embedded on the blockchain.
Salomon Brothers Strategic Advisors, a blockchain consultant for the plaintiff, broadcast notices to targeted wallets in mid-2025. The 1LwWt wallet received its notice on July 31, 2025, with a 90-day response window. This move came seven months after that deadline and three months after the lawsuit was formally filed.
Galaxy Research's Alex Thorn flagged the transaction, noting the wallet was tracked as defendant #38215. "Apparently, they were not, in fact, abandoned," Thorn wrote.
Separately, a different 15-year-dormant wallet moved 20 BTC roughly 13 hours earlier, though it was not targeted by the lawsuit. These movements come amid a sharp Bitcoin slide toward $70,000, influenced by Strategy's first Bitcoin sale, a record ETF outflow streak, and stalled U.S.-Iran ceasefire talks.
Satoshi-era coins were acquired before Bitcoin had a meaningful dollar price, meaning any sale now represents a near-infinite gain on cost basis.