Dormant Bitcoin address moves 30 BTC after 15 years

3 min read

A Bitcoin address identified as 1KV47 transferred 30 BTC on July 5, its first outgoing transaction since the coins were received in August 2011, blockchain data from Galaxy Research shows. The address is among 39,069 wallets named in a New York lost-property suit seeking ownership of dormant holdings that reportedly total about 3.7 million BTC, an estimated $234 billion per Timechain Index founder Sani. The case could reshape how inactive cryptocurrency is treated under law, but a recent surge in on-chain movements — including 31 addresses moving 17,527 BTC in June — may weaken the plaintiffs' abandonment claim, and a court must next rule on a motion to dismiss.

A 15-year dormant address moved 30 BTC, challenging lost-property claims