A Bitcoin address that held 35.55 bitcoins worth $2.54 million untouched since March 2011 moved its coins earlier this morning, becoming one of the first publicly visible responses from a named defendant in a New York state lawsuit that claims legal title to 39,069 dormant Bitcoin wallets.
The wallet, 1LwWtSs7tMCwcRczQd5kVMv3xpWw6w4Sxe, sent 15 BTC to a new address and kept the remaining 20.55 BTC as change in transaction b90755b at 4:46 p.m. UTC on June 2, recorded in Bitcoin block 952,104, according to data from mempool.space.
The original coins were received on March 27, 2011, when bitcoin was trading at less than a dollar.
The lawsuit, filed March 11, 2026, in New York County Supreme Court under Index No. 153119/2026 and amended May 1, names a pseudonymous plaintiff identified only as Noah Doe as well as two Wyoming LLCs with divested interests, ABC Company and XYZ Company.
The plaintiffs are seeking legal ownership of approximately 3.8 million bitcoins valued at approximately $285 billion under Section 7-B of the New York State Personal Property Law, the state’s lost property law, with Noah Doe positioned as a “seeker” under the abandoned property doctrine.
The court allowed defendants’ on-chain service via OP_RETURN messages, a Bitcoin transaction field that allows users to permanently embed short text or URLs into the blockchain.
Noah Doe’s blockchain consultant, Salomon Brothers Strategic Advisors, released 98 batches of dust transactions on Bitcoin blocks 950,446 to 950,576 in June and July 2025, each containing 546 satoshis and a link to the abandonment notice. The 1LwWt wallet was served on July 31, 2025, with a response time of 90 days.
Alex Thorn of Galaxy Research reported the move Tuesday morning, identifying the wallet as defendant Noah Doe followed by company #38215. “Apparently they haven’t been abandoned,” Thorn wrote.
This decision came nearly seven months after the 90-day response deadline expired and approximately three months after the complaint was officially filed. According to Galaxy’s analysis, hundreds of wallets moved coins during the initial notification campaign and were excluded from the final list of defendants.
1LwWt’s decision, coming while the lawsuit was already underway with Wallet named as a defendant, is one of the first publicly visible responses from inside the active case.
Meanwhile, a separate wallet, inactive for 15 years, 1CDSyXAQxro4FPUoqAQb81642ruqDsUiNp, moved 20 BTC ($1.48 million) to a SegWit address approximately 13 hours before 1LwWt’s move, according to data from Arkham Intelligence. The 1CDSy wallet received its original coins around the same 2011 window, but does not appear to have been targeted by Noah Doe’s notice campaign or named in the lawsuit.
The moves come amid a sharp bitcoin decline that has taken BTC to near $70,000 for the first time in weeks, with Strategy’s first high-profile bitcoin sale, a record 10-session spot ETF exit streak and deadlocked U.S.-Iran ceasefire negotiations all weighing on the market.
The Satoshi-era coins were acquired before bitcoin had a significant dollar price, meaning that any sale at current levels would represent an almost infinite gain on a cost basis.
