Pseudonymous respondent contests New York bid to claim over $200B in dormant Bitcoin tied to Satoshi-era wallets
On June 30, a respondent identifying himself as “John Doe 33” entered an appearance in New York Supreme Court to challenge a lawsuit by ABC Company, XYZ Company and a pseudonymous plaintiff known as Noah Doe. The plaintiffs are seeking ownership of Bitcoin linked to 39,069 long-inactive addresses under New York lost-property law, including coins widely attributed to Satoshi Nakamoto, totaling about 3.799 million Bitcoin valued at more than $200 billion. John Doe 33 said he is a real person—not a blockchain address—and is asking to proceed under a pseudonym due to safety concerns. The case is also grappling with the fact that 52 of the addresses have already moved roughly 34,335 Bitcoin, weakening arguments that dormancy implies abandonment.