A New York Superior Court judge has suspended a lawsuit concerning the ownership of 39,069 dormant Bitcoin wallets, with an amicus curiae hearing set for July 14. The plaintiffs, identified as "Noah Doe" and two shell companies, claim ownership under New York State lost property law. However, attorney Ian R. Cohen, in an amicus brief, argues that lost property law pertains to tangible items and that blockchain addresses, being globally visible, do not qualify. Cohen contends that the plaintiffs lack the private keys necessary for ownership and that the court's ruling cannot effectively transfer ownership, potentially misleading exchanges and custodians.
New York Judge Suspends Lawsuit Over 39,000-Bitcoin Wallet Ownership
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