On-chain $2.48B BTC moves undermine ‘lost wallet’ claim in Satoshi-linked New York lawsuit

A New York lawsuit seeking title to more than $200 billion in dormant Bitcoin, including coins tied to Satoshi Nakamoto, is facing on-chain activity that challenges its core abandonment argument. Dozens of the addresses targeted as “lost” have moved billions of dollars’ worth of BTC, calling into question whether the wallets can be treated as abandoned property under state law. The case centers on whether coins that remain controllable via private keys can be deemed abandoned even if they have been inactive for years.