{"id":74935,"date":"2026-07-04T15:33:49","date_gmt":"2026-07-04T15:33:49","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/293b-bitcoin-noah-doe-lawsuit-faces-major-test-after-first-wallet-holder-files-motion-to-dismiss\/"},"modified":"2026-07-04T15:33:49","modified_gmt":"2026-07-04T15:33:49","slug":"293b-bitcoin-noah-doe-lawsuit-faces-major-test-after-first-wallet-holder-files-motion-to-dismiss","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/293b-bitcoin-noah-doe-lawsuit-faces-major-test-after-first-wallet-holder-files-motion-to-dismiss\/","title":{"rendered":"$293B Bitcoin &#8216;Noah Doe&#8217; Lawsuit Faces Major Test After First Wallet Holder Files Motion to Dismiss"},"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\">John Doe 33 filed on June 30, challenging Noah Doe\u2019s $293B bitcoin lawsuit.<\/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\">500 BTC moved July 2 from wallet No. 881, weakening the abandonment theory.<\/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\">Justice Kathy J. King\u2019s July 14 hearing could reshape the Noah Doe litigation.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Inside the $293 Billion Bitcoin Claim<\/h2>\n<p>The <a href=\"https:\/\/news.bitcoin.com\/anonymous-plaintiff-claims-293b-bitcoin-haul-targets-satoshis-dormant-wallets-in-ny-court-case\/\">lawsuit<\/a>, filed March 11, 2026, in the New York Supreme Court, seeks a declaratory judgment awarding ownership of approximately 39,069 dormant <span>bitcoin<\/span> addresses collectively holding an estimated 3.8 million <span>BTC<\/span>.<\/p>\n<p>The plaintiffs, identified only as Noah Doe along with Wyoming entities ABC Company and XYZ Company, argue they became entitled to the wallets after allegedly identifying dormant addresses with proprietary software, delivering lists of those addresses to the NYPD as found property, and invoking New York\u2019s Personal Property Law Article 7-B governing lost property.<\/p>\n<p>The wallet list includes addresses publicly associated with the 2011 <a href=\"https:\/\/news.bitcoin.com\/mt-gox-moves-953-million-bitcoin\/\">Mt Gox<\/a> hack, the Counterparty <a href=\"https:\/\/news.bitcoin.com\/bitcoin-burn-wallet-absorbs-8-2m-as-unknown-user-destroys-107-btc-in-mystery-transfer\/\">burn address<\/a>, and more than 21,000 addresses researchers have linked to the Patoshi mining pattern widely <a href=\"https:\/\/news.bitcoin.com\/re-mining-simulation-shows-satoshi-used-a-single-high-end-pc-to-mine-1-1m-bitcoin\/\">attributed<\/a> to <span>Bitcoin<\/span> creator Satoshi Nakamoto. Even if the plaintiffs ultimately prevailed, a favorable judgment would not allow them to spend any <span>bitcoin<\/span> because only the corresponding <span>private keys<\/span> authorize transactions on the <span>Bitcoin<\/span> network.<\/p>\n<h2>Court Hit the Brakes Before Default Judgment<\/h2>\n<p>The case appeared headed toward a possible default judgment until June 5, when Justice Kathy J. King stayed further proceedings after New York attorney Ian R. Cohen <a href=\"https:\/\/news.bitcoin.com\/ny-court-pauses-default-judgment-after-lawyer-argues-39069-bitcoin-wallets-were-not-abandoned\/\">submitted<\/a> a proposed amicus curiae brief challenging the plaintiffs\u2019 legal theory.<\/p>\n<p>Cohen argued that New York\u2019s lost-and-found statute governs tangible property, not <span>blockchain<\/span> addresses, and maintained that prolonged inactivity does not constitute legal abandonment. He also questioned whether the plaintiffs properly served thousands of wallet owners through OP_RETURN messages embedded in <span>bitcoin<\/span> transactions and raised broader jurisdictional concerns.<\/p>\n<p>The stay remains in place while the court considers multiple pending motions. On June 18, plaintiffs\u2019 counsel asked the court to vacate or narrow the stay, arguing the litigation should continue despite the amicus filing.<\/p>\n<h2>First Wallet Holder Enters the Fight<\/h2>\n<p>The litigation took another significant turn on June 30 when a pseudonymous respondent identifying himself as \u201cJohn Doe 33\u201d filed both a <a href=\"https:\/\/iapps.courts.state.ny.us\/nyscef\/ViewDocument?docIndex=IWPEzkjXTN3IYygjsVEuQQ==\" target=\"_blank\" rel=\"noopener noreferrer\">notice of appearance<\/a> and a motion to dismiss, becoming the first actual wallet holder to contest the lawsuit.<\/p>\n<p>In the filing, John Doe 33 states he is \u201ca natural person and a real human being,\u201d not a <span>bitcoin<\/span> address, digital wallet or line of source code. He further explains that the pseudonym is intended to protect his identity because of the well-known security risks associated with publicly identified <span>cryptocurrency<\/span> holders, while reserving all legal defenses against the action.<\/p>\n<p>His appearance materially changes the posture of the case. Until now, the plaintiffs largely faced no direct opposition from named wallet owners, leaving open the possibility that much of the litigation could proceed without actual respondents participating.<\/p>\n<h2>Another 500 BTC Move Weakens the Abandonment Theory<\/h2>\n<p>Just two days after the filing, another defendant\u2019s wallet became active onchain.<\/p>\n<p>On July 2, 2026, 500 <span>BTC<\/span> moved from address <a href=\"https:\/\/mempool.space\/address\/1HnVSXAMkCUHD8EeRxnNXXB6B12oQ9URpV\" target=\"_blank\" rel=\"noopener noreferrer\">1HnVSXAMkCUHD8EeRxnNXXB6B12oQ9URpV<\/a>, identified as wallet <a href=\"https:\/\/static1.squarespace.com\/static\/694884477ae7ad3f7b78981b\/t\/6a038dcea3e5b83386bf21a4\/1778617806647\/2026-05-01+%5B21%5D-%5B22%5D+Summons+%26+Amended+Complaint.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">No. 881<\/a> in the Noah Doe lawsuit. <span>Blockchain<\/span> records show the transaction transferred the entire balance essentially after paying approximately 57,000 satoshis in network fees.<\/p>\n<p><\/p>\n<p>The transfer joins a growing list of wallets named in the complaint that have moved funds since the litigation began attracting public attention. Previous activity included approximately 35.55 <span>BTC<\/span> from a 2011-era wallet on June 2, 47.26 <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a> on June 6, roughly 1,878 <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a> from a 2019 wallet on June 7, and approximately 199.216 <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a> from a 2012-era address on June 19.<\/p>\n<p>Each additional transaction presents another challenge to the plaintiffs\u2019 central contention that the wallets were abandoned by their owners. The growing number of active addresses has become one of the most closely watched aspects of the litigation among legal observers and onchain analysts.<\/p>\n<h2>What Happens Next?<\/h2>\n<p>The next major milestone comes on July 14, 2026, when oral arguments are scheduled for 10:30 a.m. before Justice Kathy J. King at New York County Supreme Court.<\/p>\n<p>The hearing is expected to address Cohen\u2019s amicus application, the plaintiffs\u2019 request to modify or lift the stay, and the newly filed motion to dismiss by John Doe 33, among other procedural issues.<\/p>\n<p>The outcome could determine whether the case resumes, remains paused, or is narrowed before reaching the merits. Regardless of the court\u2019s decision, the combination of an active defendant entering the litigation and continued movement from wallets named in the complaint has added new obstacles to one of the most unusual legal challenges ever brought against dormant <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> holdings.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/293b-bitcoin-noah-doe-lawsuit-faces-major-test-after-first-wallet-holder-files-motion-to-dismiss\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways John Doe 33 filed on June 30, challenging Noah Doe\u2019s $293B bitcoin lawsuit. 500 BTC moved July 2 from wallet No. 881, weakening the abandonment theory. Justice Kathy J. King\u2019s July 14 hearing could reshape the Noah Doe litigation. Inside the $293 Billion Bitcoin Claim The [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":74936,"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\/74935"}],"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=74935"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74935\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74936"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}