Wyoming LLC: Sues NY Court for 39,069 Bitcoin Wallets
Wyoming LLC files suit under New York Personal Property Law Article 7-B claiming 39,069 dormant Bitcoin wallets holding 3.8 million BTC as abandoned property.
SourceAnalysis
Wyoming LLC operating as "Noah Doe" filed suit May 1, 2026 in New York Supreme Court under Index No. 153119/2026 seeking ownership of 39,069 Bitcoin wallets flagged as abandoned after five to six years of inactivity, invoking New York Personal Property Law Article 7-B and legal precedents claiming ownership of dormant Bitcoin wallets.
The plaintiff delivered USB drives with wallet addresses to NYPD's 17th Precinct, issued blockchain OP_RETURN notices plus public announcements, removed 2,932 active wallets from an initial 42,001, and now demands court declaration of title to the remaining wallets containing roughly 3.8 million BTC without possessing any private keys.
BTC trades at $73263.39 on the 4h chart inside a bearish structure with price testing lower Bollinger support near $74002.03 while EMA50 at $76595.62 and EMA200 at $77190.83 act as overhead resistance; RSI(14) at 24.22 signals oversold exhaustion and MACD(12,26) at -641.14 confirms the death cross, pointing to potential relief bounce only after a retest of the 50-EMA before any sustained recovery.
Michael Bacina | | HK Consensus
@MikeBacinaMichael is a near 10 year veteran of web3 law with a particular interest in web3 gaming. He has worked with many leading web3 gaming projects and specialises in offshore structuring and complex contracts. He served as director for 5 years at Blockchain Australia (now Digital Economy Council of Australia) and for Chair in the last 2 years. He has published over 1,500 articles and given over 150 presentations on law and regulation and is the co-author of an upcoming foundational Blockchain and the Law textbook publishing in Q2 by a major legal publisher. Michael also served on the board of the Canadian Australian Chamber of Commerce and on the board of the foundation responsible for Session, a web3 private messenger. Michael is based in the Cayman Islands and will soon be joining NXT.Law as a partner.
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