Key Takeaways:
A bitcoin wallet dormant since 2011 moved 35.55 BTC on June 2, directly undermining Noah Doe’s abandoned-property claim.Galaxy Research’s Alex Thorn flagged the move, noting the address was Salomon-dusted in the $293B NY lawsuit.A New York default judgment is expected by late June 2026, though full title transfer remains legally unlikely.“These very old coins were served by ‘Noah Doe’ in the abandoned property case. Apparently, they were not, in fact, abandoned.”
What This Does to Noah Doe’s Legal TheoryTo trigger a low-value procedural shortcut under Section 257(2) of the statute, Noah Doe’s unnamed expert valued each address at under $10. That figure, if accepted, allows title to vest in the finder just one year after the find, bypassing a prolonged police holding period.
A Holder Who May Have Been Watching What a Default Judgment Would Actually DoA technical default is expected by late June 2026, approximately 30 days after service. Thorn estimates the probability that the court grants the full title-vesting declaration on default as low to moderate.
The case now includes at least one named wallet whose holder has already shown they are neither absent nor unaware.
