A Bitcoin wallet that hadn’t moved a single satoshi since March 2011 just transferred 15 BTC to a new address on June 2, retaining 20.55 BTC as change. That’s notable on its own. What makes it genuinely interesting is that this particular wallet is named as Defendant No. 38215 in a lawsuit seeking ownership of roughly 3.8 million BTC, valued at approximately $285 billion.
The wallet, the lawsuit, and very awkward timing
The address, 1LwWtSs7tMCwcRczQd5kVMv3xpWw6w4Sxe, had been completely dormant since March 27, 2011. Then, on June 2, 2026, the wallet split its holdings. 15 BTC went to a new wallet. 20.55 BTC stayed behind as change. After 14 years of radio silence, someone clearly still has the keys.
That matters because of a lawsuit filed on March 11, 2026, in New York state court. A pseudonymous plaintiff going by “Noah Doe” is attempting to claim ownership of Bitcoin held in 39,069 dormant wallets under New York’s abandoned property rules. The total haul being claimed: approximately 3.8 million BTC.
Galaxy Research’s Alex Thorn identified this newly active wallet as Defendant No. 38215 in the case, pointing out what the on-chain movement makes obvious: these coins were not abandoned. Someone was just patient.
