This "Noah Doe" lawsuit is a wild play to get legal title before quantum tech can crack keys. But NY courts have zero jurisdiction over global wallets, and HODLing isn't "abandonment." Property law requires intent to throw it away.
A Wyoming LLC filed a lawsuit in New York Supreme Court seeking ownership of 39,069 Bitcoin wallets it claims are abandoned property.
The plaintiff, operating under the pseudonym "Noah Doe," says he built an algorithm to identify dormant Bitcoin wallets that have been inactive for at least five to six years. He brought USB drives containing the wallet addresses to the NYPD's 17th Precinct, reporting them as found property under New York's lost-and-found law.
The complaint claims notices were sent to wallet owners via OP_RETURN blockchain messages, a public webpage, and a global press release. Owners were given 90 days to respond. Of the original 42,001 wallets flagged, 2,932 were removed after some showed on-chain activity. The remaining 39,069 wallets did not respond.
The plaintiff is now asking the court to declare him the legal owner of all 39,069 wallets and the Bitcoin inside them under New York Personal Property Law Article 7-B, which governs found and abandoned property.
The wallets reportedly hold approximately 3.8 million BTC. The complaint argues that losing a private key does not destroy the property interest in a wallet, likening dormant wallets to abandoned bank accounts.
The case names all 39,069 wallet holders as "John Doe" defendants. The plaintiff is not claiming to have the private keys to any of the wallets. He is seeking a court order declaring ownership.
The complaint was filed May 1, 2026 under Index No. 153119/2026.
h/t @DailyStackHQ
An explicit abstain directly lowers the threshold for that proposal to pass while removing the potential for suspicion/appearance of conflict of interest and self-promotion, it is the right practice. Similarly, if DReps are NOT going to vote on each proposal, they should abstain rather than be a "no" by default.
@CashAnvil Hey remember that time we built a Cardano native fiat-backed stablecoin for the bargain basement price of 800k Ada from the community?
How much did that 'USDC integration' cost again? Are ya getting the bang for the buck you'd hoped for, guys?
@InputEndorsers Please vote no on this. Ledger earns money selling HW wallets, unless they offer to send some of their profits back the treasury, they can f*ck off.
@Defied_Investor@DeOpenSourceGuy Christian ramped up and led the Open Source Office at Intersect for years, established frameworks for the core infrastructure we all know and connected Cardano with companies like Bitergia, or the Linux Foundation. Probably missing a lot more here... He is one of the few I trust.
Onchain project ratings are now live on Cardano Cube, first initiated by @BeginWallet.
You can rate projects directly from the project explore page, queue up multiple ratings, and submit them onchain in a single batch transaction.
Logging off now to get some real work done, seeing where we are in 2 weeks
Last thoughts, not funding the dOSPO personally I think will be grave mistake given the lack of responsible coordination there, and donβt expect anyone else to do it right I know they wonβt
And for those wondering why it needs new setup itβs because I exhausted all other options before going this route, it really is the only way, I did the research and I know what Iβm talking about here, back by actual experts not just our own loud noise
I took all the risks to do this right and I will stand by it, if approved things be online very fast Iβm an operator not a beauracrat
Things got done because I made them get done
Can we, instead of building more technical solutions to one "problem", focus on marketing existing ones, build partnerships, create demand and build a healthy market? Do we want to win, or do we want to over engineer things all the time?
Pay with Begin at 137 SPAR stores around Switzerland.
We partner with @DFX_swiss and @OpenCryptoPay to make it a reality.
Cardano Community and @Cardano_CF.