US citizen and two firms file lawsuit demanding Bitcoin of Satoshi Nakamoto under abandoned property law
5/26/2026, 10:18 AM • Богдан Семичев

An unprecedented legal battle has been initiated in the United States by plaintiffs who expect to gain control over colossal reserves of cryptocurrency held in inactive wallets from the early era of blockchain. An American citizen named Doe, together with representatives of two commercial firms, filed a massive 901-page lawsuit demanding the transfer of rights to these dormant digital assets. The claimants appeal to local abandoned property legislation, arguing that they independently discovered these virtual vaults, reported the find to the New York Police Department, and now possess legitimate grounds to claim the coins as their own.
Among the hundreds of addresses featured in this large-scale case is the famous wallet linked directly to Bitcoin creator Satoshi Nakamoto, as well as an address containing stolen funds from the bankrupt Mt.Gox trading platform. The aggregate volume of digital gold on these specified accounts reaches approximately 3.7 million monetary units, which at the current market exchange rate is equivalent to an astronomical 285 billion dollars. Statistical services confirm that the vast majority of this capital, namely 3.5 million Bitcoins, has remained absolutely immobile in the distributed ledger over the last decade. However, independent experts and cryptographers, including Blockstream founder Adam Back, remind that the anonymous creator's personal wallet holds only about half a million coins, while the rest of the funds have entirely different origins.
Prominent industry experts unanimously point to the technical infeasibility of a favorable court ruling, since executing a transaction in a decentralized network without unique private keys is physically impossible. The Bitcoin network fundamentally does not support forced administrative redistribution of balances, and the only hypothetical scenario for enforcing a court order would be if these coins were moved to a regulated centralized exchange where the intermediary would be obliged to comply with the law. Lawyers have also detected a fatal error in the plaintiffs' actions, as they sent official notices to empty addresses using a newer script format, while Satoshi Nakamoto's actual wealth is securely protected by old, unaltered legacy scripts. Market analysts from Castle Labs add that a prolonged absence of transactions by early investors, heirs, or individuals who lost access to their keys does not legally constitute a voluntary abandonment of property, stripping the lawsuit of any real legal perspective.
