Lawsuit Tries to Claim Satoshi's 1.1M BTC as $10 Lost…

A New York lawsuit is attempting to seize nearly 3.8 million BTC — roughly 18% of Bitcoin's entire fixed supply — by arguing that dormant wallets, including approximately 21,923 addresses tied to Satoshi Nakamoto's early mining activity, qualify as "lost property" worth less than $10 each. The anonymous plaintiff, Noah Doe, and two Wyoming entities are asking a state court to grant them legal title under Article 7-B of New York's Personal Property Law, a framework built for physical found objects.

The valuation strategy is the lawsuit's most contested element. An unnamed expert appraised each wallet at under $10 — the threshold that unlocks an expedited claims process under New York law — because the private keys are unavailable.