Bitcoin News
By James Thorp
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The Lawsuit Behind the $200 Billion Fight. The original action was pushed by two entities listed only as ABC Company and XYZ Company,…
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Anonymity, Doxxing Risks, and the Pseudonym Fight. He wants to stay anonymous. Can't blame him, really.
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What the Court Decides Next. Two rulings will shape everything from here. First, does John Doe 33 get to stay pseudonymous?
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A mystery figure has walked into one of the most bizarre crypto legal fights in recent memory.
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He's not a company. He filed as a "natural person" with constitutionally protected property rights, and that single detail pretty much changes everything about where this case…
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The core legal theory is kind of wild: the plaintiffs want a court to treat inactive Bitcoin addresses the way New York treats lost property.
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John Doe 33's appearance forces the court to stop thinking about this as a dispute over dormant wallets and start thinking about it as a dispute over someone's personal property.
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He wants to stay anonymous. Can't blame him, really. John Doe 33 told the court he faces serious risks — doxxing, extortion, physical danger — because of the sheer size of the…
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And he pushed back on something specific: his name, he says, isn't linked to any particular Bitcoin address named in the lawsuit.
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See also: US Spot Bitcoin ETFs Bleed $4.5 Billion in June, Worst Month Since Launch
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Before he showed up, the case was already running into trouble. Roughly 52 addresses involved in the lawsuit moved about 34,335 Bitcoins — valued at over $2 billion — which is a…
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Attorney Ian Cohen filed an amicus brief taking aim at the whole legal framework. Cohen's argument: New York's lost-property law was written for tangible objects, not entries on…
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Second, does his motion to dismiss succeed? If it does, Noah Doe's entire effort stalls before any actual claim to the Bitcoin gets finalized.
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More context: Bitcoin ETFs Bleed $4.51 Billion in June as Institutions Chase AI Stocks
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The broader stakes aren't small. Courts haven't really settled how property rights work when the "property" is a private key controlling coins on a decentralized network.
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