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Bitcoin Wallet Lawsuit Hits Legal Wall | Bitcoin and Crypto News
Description
A wild $229 billion Bitcoin lawsuit is heating up in New York, where a plaintiff claims ownership of nearly 40,000 dormant wallets under lost-property law. But “John Doe 33,” a major holder of a single $300M+ Bitcoin wallet, has filed a motion to dismiss, arguing Bitcoin addresses aren’t legal entities—and that the whole case is legally shaky. This move threatens the plaintiff’s path to default judgment and raises the big question: without private keys, how do you actually seize digital assets?
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