Satoshi-era Bitcoin wallet moves $2.54M after 14 years in response to $285B dormant wallet lawsuit
By
Shaurya Malwa
Toasted golden, schmeared with insight. Top of the rack.
Summary
A Bitcoin address from the Satoshi era (March 2011) moved 35.55 BTC ($2.54M) after 14 years of dormancy, becoming one of the first public responses from a named defendant in a $285 billion New York lawsuit. The lawsuit claims legal title over 39,069 dormant Bitcoin wallets. The wallet received a legal notice via Bitcoin's OP_RETURN field in July 2025 demanding proof of ownership. The transaction occurred on June 2, 2025, sending 15 BTC to a new address.
Key quotes
· 3 pulledA Bitcoin address that had held 35.55 bitcoin worth $2.54 million untouched since March 2011 moved its coins earlier this week, becoming one of the first publicly visible responses from a named defendant in a New York state lawsuit.
The lawsuit claims legal title over 39,069 dormant bitcoin wallets.
The original coins were received on March 27, 2011, when bitcoin traded at less than $1.
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