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06/07 04:18

NY Court Pauses Default Judgment After Lawyer Argu

NY Court Pauses Default Judgment After Lawyer Argues 39,069 Bitcoin Wallets Were Not Abandoned #ZEST: Bitcoin Lending Protocol #ZEST: Bitcoin Lending Protocol #ZEST: Bitcoin Lending Protocol

New York attorney intervened to stop what could have been the largest courtroom judgment in bitcoin in history, filing an amicus brief that persuaded a judge to freeze proceedings targeting nearly 40,000 dormant wallets collectively holding an estimated 3.8 million $BTC. Key Takeaways: On June 6, 47.26 $BTC dormant since 2011 moved onchain from defendant address No. 37923 in the Noah Doe case. NY attorney Ian R. Cohen filed an amicus brief on May 29, prompting a June 5 court stay in Index No. 153119/2026. The case targets 39,069 wallets worth ~$293B; a hearing will now decide if the lost-property theory holds up. 2011-Era Coins Are Moving The legal battle is unfolding alongside a wave of onchain activity from some of bitcoin’s oldest addresses. On June 6, 2026, Galaxy Research flagged a transaction involving 47.26 $BTC, worth approximately $2.88 million, moving out of a wallet that had been untouched since June 17, 2011, a dormancy period of more than 15 years. The address, 18sLgPeB9wQVrE8JoWqtKtnucbsx3Lw1m7, is listed as defendant address No. 37923 in a New York Supreme Court case styled ABC Company, XYZ Company, and Noah Doe v. John Does 1-39,069, Index No. 153119/2026. Alex Thorn, head of

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