{"id":73705,"date":"2026-06-08T01:41:01","date_gmt":"2026-06-08T01:41:01","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/1878-btc-moves-onchain-as-noah-does-declaratory-judgment-bid-unravels\/"},"modified":"2026-06-08T01:41:01","modified_gmt":"2026-06-08T01:41:01","slug":"1878-btc-moves-onchain-as-noah-does-declaratory-judgment-bid-unravels","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/1878-btc-moves-onchain-as-noah-does-declaratory-judgment-bid-unravels\/","title":{"rendered":"1,878 BTC Moves Onchain as Noah Doe&#8217;s Declaratory Judgment Bid Unravels"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Galaxy Research flagged a 1,878 BTC move on Jun. 7, challenging Noah Doe\u2019s abandonment claim.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Ian Cohen\u2019s May 2026 filing paused the case, raising scrutiny of 39,069 wallet claims.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin wallets from 2011 and 2019 reactivated; the upcoming hearing may reshape the case.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Noah Doe\u2019s $293 Billion Claim<\/h2>\n<p>The digital currency community has been closely tracking <a href=\"https:\/\/news.bitcoin.com\/anonymous-plaintiff-claims-293b-bitcoin-haul-targets-satoshis-dormant-wallets-in-ny-court-case\/\">a case<\/a> involving a pseudonymous plaintiff known as \u201cNoah Doe,\u201d who filed suit in the New York Supreme Court claiming he developed a proprietary algorithm capable of identifying 39,069 dormant <span>bitcoin<\/span> addresses.<\/p>\n<p>The wallets included addresses associated with <a href=\"https:\/\/news.bitcoin.com\/25-lesser-known-facts-about-satoshi-nakamoto-drawn-from-emails-code-and-metadata\/\">Satoshi Nakamoto<\/a>, <span>Mt Gox<\/span>, the Counterparty burn address, and others. After cataloging the addresses onto USB drives, Doe delivered them to the NYPD as allegedly found property and invoked New York\u2019s lost-and-found statute (Article 7-B), arguing that legal title to roughly 3.8 million <span>BTC<\/span>, valued at approximately $293 billion, has vested in him.<\/p>\n<h2>Judge Hits Pause<\/h2>\n<p>While the case recently drew widespread attention and a technical default was expected by late June, approximately 30 days after service, several <span>bitcoin<\/span> wallets created in 2011 and tied to Noah Doe\u2019s list of 39,069 addresses he claims to have found shifted to new addresses. Meanwhile, at the end of May, New York attorney Ian R. Cohen filed a Proposed Order to Show Cause along with a proposed amicus curiae brief, prompting the judge to <a href=\"https:\/\/news.bitcoin.com\/ny-court-pauses-default-judgment-after-lawyer-argues-39069-bitcoin-wallets-were-not-abandoned\/\">issue a stay<\/a> and setting the stage for a hearing.<\/p>\n<h2>$114 Million Worth of <span>BTC<\/span> Named in the Case Moves<\/h2>\n<p>Then, on Sunday at block height 952,767, a wallet listed as No. 137 on Noah Doe\u2019s roster of addresses shifted a sizable trove of <span>bitcoin<\/span>. Galaxy Research <a href=\"https:\/\/x.com\/glxyresearch\/status\/2063736017731854733?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">spotted<\/a> the transfer, which moved 1,878.5711 <span>BTC<\/span>, worth $114.16 million. The source wallet was originally funded on Dec. 18, 2019, roughly 6.5 years ago. In its X post, Galaxy Research further noted that the <span>bitcoin<\/span> came from an address labeled \u201cSalomon Client Dusted.\u201d<\/p>\n<figure id=\"attachment_821111\" aria-describedby=\"caption-attachment-821111\" style=\"width:1294px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-821111\" class=\"wp-caption-text\">Alex Thorn, head of firmwide research at Galaxy, speaking on the latest 1,878.5711 <span>BTC<\/span> move.<\/figcaption><\/figure>\n<p>\u201cSalomon-dusted\u201d is Galaxy Research\u2019s shorthand for any wallet that received one of the tiny \u201cdust\u201d transactions dispatched by Salomon Brothers Strategic Advisors on behalf of Noah Doe. The transfers consisted of 546 satoshis, worth less than a dollar, and were distributed across thousands of addresses identified in the lawsuit. In <span>bitcoin<\/span> parlance, \u201cdusting\u201d refers to sending minuscule amounts of <span>BTC<\/span> to an address; here, the practice served as a legal notification mechanism, embedding an OP_RETURN notice directly into the transaction history of each targeted wallet.<\/p>\n<h2>The Protocol Level Answer to Abandonment Requests<\/h2>\n<p>The OP_RETURN notice begins with the declaration: \u201cThis digital wallet appears to be lost or abandoned. Our client has taken constructive possession of it and is [sic] seeks to determine if there is a bona fide owner.\u201d The latest activity from several 2011-era wallets and Sunday\u2019s transfer of 1,878.5711 <span>BTC<\/span> weakens one of the central assumptions underlying Noah Doe\u2019s theory.<\/p>\n<p>If addresses identified as \u201clost\u201d or \u201cabandoned\u201d continue to demonstrate signs of control years later, the premise that inactivity alone establishes abandonment becomes increasingly difficult to sustain. What happens next depends on the hearing. Whether the judge views the recent wallet activity as legally significant remains to be seen. But for anyone watching this case, the <span>blockchain<\/span> has already delivered its own answer, recorded permanently at the protocol level.<\/p>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/1878-btc-moves-onchain-as-noah-does-declaratory-judgment-bid-unravels-37856\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Galaxy Research flagged a 1,878 BTC move on Jun. 7, challenging Noah Doe\u2019s abandonment claim. Ian Cohen\u2019s May 2026 filing paused the case, raising scrutiny of 39,069 wallet claims. Bitcoin wallets from 2011 and 2019 reactivated; the upcoming hearing may reshape the case. Noah Doe\u2019s $293 [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":73706,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73705"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73705"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73705\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73706"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}