New York lawsuit claims ownership of 39100 dormant Bitcoin addresses

According to Cointelegraph, plaintiff Noah Doe and two Wyoming limited liability companies filed a lawsuit in New York on May 1, seeking a court ruling on their ownership of 39100 dormant Bitcoin addresses, citing New York State Lost Property Law and claiming that the addresses hold coins as "abandoned property". The addresses involved in the case include the "12c6D" address associated with Satoshi Nakamoto and the "1Feex" address associated with the Mt. Gox hacker. According to the founder of Timechain Index, these addresses hold a total of approximately 3.7 million BTC worth around $285 billion. Castle Labs analyst Novelader pointed out that the Bitcoin network cannot redistribute funds without a private key, and the plaintiff's notification process may be ineffective.