{"id":75258,"date":"2026-07-11T17:20:45","date_gmt":"2026-07-11T17:20:45","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-policy-institute-fights-293b-wallet-grab-as-noah-doe-court-date-nears\/"},"modified":"2026-07-11T17:20:45","modified_gmt":"2026-07-11T17:20:45","slug":"bitcoin-policy-institute-fights-293b-wallet-grab-as-noah-doe-court-date-nears","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-policy-institute-fights-293b-wallet-grab-as-noah-doe-court-date-nears\/","title":{"rendered":"Bitcoin Policy Institute Fights $293B Wallet Grab as Noah Doe Court Date Nears"},"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\">Bitcoin Policy Institute filed to intervene as a defendant on July 10, 2026, in the $293B wallet case.<\/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\">Noah Doe\u2019s attorney asked the court on July 7 to deny Ian Cohen amicus status and lift the case stay.<\/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 holds a hearing on July 14 covering BPI, Cohen and John Doe 33\u2019s motions.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>The filing lands in ABC Company, XYZ Company, and <a href=\"https:\/\/news.bitcoin.com\/anonymous-plaintiff-claims-293b-bitcoin-haul-targets-satoshis-dormant-wallets-in-ny-court-case\/\">Noah Doe v. John Does 1-39,069<\/a>, Index No. 153119\/2026, before Justice Kathy J. King in New York County Supreme Court. Plaintiffs are asking the court to declare them the rightful owners of 39,069 <span>bitcoin<\/span> addresses under New York\u2019s lost property statute, arguing the coins were abandoned because they sat untouched for at least five years.<\/p>\n<h2>BPI Says Its Own Bitcoin Is Now Exposed<\/h2>\n<p>Conner Brown, BPI\u2019s managing director, laid out the stakes in a sworn affirmation. He said BPI holds a portion of its treasury in what it calls a Long-Term Reserve, <span>bitcoin<\/span> kept in self-custody with no plans to move it for years at a time.<\/p>\n<p>That reserve, Brown stated, \u201chas the same features as the so-called \u2018Abandoned Wallets&#8217;\u201d named in the suit. If the plaintiffs win, Brown warned, BPI would face pressure to abandon self-custody altogether and hand its <span>bitcoin<\/span> to a third-party custodian just to avoid a future claim.<\/p>\n<p>BPI\u2019s proposed answer, filed alongside the intervention motion, denies nearly every substantive allegation in the amended complaint and raises fifteen affirmative defenses. Among them: <span>bitcoin<\/span> addresses are not \u201cproperty\u201d under New York Personal Property Law, the court lacks personal jurisdiction over anonymous global wallet holders, and Noah Doe never became a \u201cfinder\u201d by simply handing a list of public addresses to police.<\/p>\n<p>White &amp; Case partner Rachel Rodman, representing BPI, told the court in her own affirmation that BPI wants permission to file a motion to dismiss before submitting a formal answer.<\/p>\n<h2>Statement Confirms the Move<\/h2>\n<p>BPI <a href=\"https:\/\/x.com\/bitcoinpolicy\/status\/2075913175858282786?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">confirmed<\/a> the filing directly to its followers on X. The organization said it intervened \u201cto protect BPI\u2019s <span>bitcoin<\/span>, which we hold long-term like so many other <span>bitcoin<\/span> HODLers,\u201d and named Rodman and White &amp; Case partner Prat Vallabhaneni as its counsel. BPI said it would continue posting updates as the case moves forward.<\/p>\n<h2>Plaintiffs\u2019 Attorney Pushes to Keep Cohen Out<\/h2>\n<p>While BPI was preparing its filing, Noah Doe\u2019s attorney was fighting a separate battle against attorney Ian Cohen, who <a href=\"https:\/\/news.bitcoin.com\/ny-court-pauses-default-judgment-after-lawyer-argues-39069-bitcoin-wallets-were-not-abandoned\/\">asked<\/a> the court in May for permission to file an amicus brief opposing the lawsuit.<\/p>\n<p>The plaintiffs\u2019 law firm filed a memorandum on July 7 arguing that Cohen\u2019s brief offers the court nothing useful. According to the filing, the thirty-five page submission cites only twelve judicial decisions and leans on unsupported policy arguments rather than legal authority. The plaintiffs\u2019 attorney also argued Cohen\u2019s claimed expertise amounts to little more than a personal hobby, not the kind of specialized knowledge courts expect from a \u201cdisinterested expert.\u201d<\/p>\n<p>The memorandum goes further, accusing Cohen of using the litigation for self-promotion. A supporting affirmation attaches exhibits showing Cohen discussing the case in a podcast appearance filed roughly ten minutes after his amicus motion, plus social media posts advertising a speaking event and urging the public to attend the July 14 hearing.<\/p>\n<p>The plaintiffs\u2019 counsel asked the court to deny Cohen amicus status, lift the stay Cohen\u2019s filing triggered, and strike an unauthorized opposition brief Cohen submitted on June 19 without first asking the court\u2019s permission.<\/p>\n<h2>More Voices Enter the Case<\/h2>\n<p>BPI is not the only outside party weighing in. The <a href=\"https:\/\/x.com\/DigitalChamber\" target=\"_blank\" rel=\"noopener noreferrer\">Digital Chamber<\/a>, a digital asset trade group, filed a notice of appearance on July 9 through attorney Stephen D. Palley of Brown Rudnick, signaling its own interest in the outcome.<\/p>\n<p>Separately, a pseudonymous wallet holder identifying as John Doe 33 became the first named defendant to formally contest the suit, filing a motion to dismiss on June 30. On-chain activity has also complicated the plaintiffs\u2019 abandonment theory, with several named wallets moving <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> in the weeks since the case drew public attention, including a 500 <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a> transfer on July 2.<\/p>\n<h2>What Comes Next<\/h2>\n<p>Every thread in the case converges on a single date. Justice King is scheduled to hear oral arguments on July 14 at 10:30 a.m. at 60 Centre Street, addressing Cohen\u2019s amicus application, the ongoing stay, John Doe 33\u2019s motion to dismiss, and now BPI\u2019s request to intervene.<\/p>\n<p>One of the biggest things the plaintiffs will likely face is John Doe 33\u2019s motion to dismiss and the judge being notified of all the <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a> that moved after the filing of this case. <a href=\"https:\/\/www.bitcoin.com\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin.com<\/a> News has <a href=\"https:\/\/news.bitcoin.com\/293b-bitcoin-noah-doe-lawsuit-faces-major-test-after-first-wallet-holder-files-motion-to-dismiss\/\">broke the news<\/a> on several onchain transfers from the Noah Doe case, as has Sani from timechainindex.com and <a href=\"https:\/\/news.bitcoin.com\/ny-lawsuit-served-a-2011-bitcoin-wallet-owner-moves-2-54m-to-prove-its-not-abandoned\/\">Galaxy Research<\/a> as well.<\/p>\n<p>The hearing will not resolve the underlying declaratory judgment claim, but it will determine who gets a seat at the table as the case moves forward. With BPI, the Digital Chamber, and an actual wallet holder now pushing back, the plaintiffs face a far more crowded courtroom than the one they anticipated when the case first appeared headed toward default.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/bitcoin-policy-institute-fights-293b-wallet-grab-as-noah-doe-court-date-nears\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Bitcoin Policy Institute filed to intervene as a defendant on July 10, 2026, in the $293B wallet case. Noah Doe\u2019s attorney asked the court on July 7 to deny Ian Cohen amicus status and lift the case stay. Justice Kathy J. King holds a hearing on [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":75259,"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\/75258"}],"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=75258"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75258\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/75259"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=75258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=75258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=75258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}