Digital Chamber Files Amicus Brief to Seek Dismissal of NY Suit Over 39,069 BTC Wallets
A New York lost-property lawsuit targeting dormant Bitcoin wallets has drawn a fresh filing from the Digital Chamber, a major blockchain industry trade association. In a Monday amicus brief, the group urged the court to reject claims that inactive self-custody wallets should be t...
➤ The Digital Chamber has filed an amicus brief urging a New York court to dismiss a lawsuit seeking ownership of dormant Bitcoin wallets, arguing they should not be treated as abandoned property. ➤ The lawsuit, which targets 39,069 dormant Bitcoin addresses valued at approximately $234 billion, raises concerns about the legal classification of self-custody digital assets and could impact traditional finance. ➤ The case faces challenges due to some wallets showing renewed activity and the practical hurdle of private key possession for transferring control of the assets.
