A Bitcoin wallet that had remained inactive for over 14 years has recently transferred a portion of its holdings, marking a significant development in an ongoing legal dispute. The wallet, identified as 1LwWtSs7tMCwcRczQd5kVMv3xpWw6w4Sxe, moved 15 BTC on June 2, 2026, in response to a lawsuit filed in New York.
The lawsuit, initiated on March 11, 2026, at the New York County Supreme Court, seeks to establish legal ownership over 39,069 dormant Bitcoin wallets. The plaintiffs, led by a pseudonymous individual named Noah Doe, along with two Wyoming LLCs, are claiming approximately 3.8 million Bitcoin, valued at around $285 billion, under New York’s lost-property statute.
The 1LwWt wallet had been untouched since it received its original coins on March 27, 2011, when Bitcoin was valued at less than a dollar. The recent transfer was recorded in Bitcoin block 952,104, with the remaining balance of 20.55 BTC retained as change.
As part of the legal proceedings, the court permitted service of notice through Bitcoin’s OP_RETURN field, allowing the plaintiffs to send messages embedded in transactions. The 1LwWt wallet was served with a legal notice on July 31, 2025, providing a 90-day period for the owner to respond.
In a related development, another dormant wallet, 1CDSyXAQxro4FPUoqAQb81642ruqDsUiNp, transferred 20 BTC to a SegWit address shortly before the 1LwWt transaction. This wallet had also been inactive since 2011 but was not included in the lawsuit.
The timing of these transactions coincides with a notable decline in Bitcoin’s market price, which has recently approached $70,000. The movements of these historically significant coins, acquired during Bitcoin’s early days, highlight the ongoing complexities surrounding ownership and legal claims in the cryptocurrency space.
A Bitcoin wallet, dormant since 2011, has moved funds in response to a New York lawsuit seeking ownership of numerous inactive wallets. This development highlights ongoing legal complexities in cryptocurrency ownership.