A dormant Satoshi-era wallet awakens, moving millions tied to a colossal lawsuit.
Original headline: Satoshi-era wallet served in a $260 billion lawsuit moves 75 BTC it held since 2011 — coindesk.com
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A Bitcoin wallet from 2011, holding 75 BTC worth approximately $5 million, has suddenly moved its funds. This wallet is notable because it was recently served a legal notice as part of a massive $260 billion lawsuit, with the court delivering the notice via a tiny transaction to the address. The recent movement also spent that very same court notice payment, confirming the owner has taken action.
This event highlights the intersection of early crypto holdings, immense legal battles, and blockchain's unique ability to serve legal documents. For those watching the case, the movement of funds is a significant development, suggesting the wallet's controller is active and responding to the legal pressure. It serves as a stark reminder that 'dormant' Bitcoin from the early days can surface at any moment, especially when billions of dollars in litigation are on the line.
Read the original at coindesk.com
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