New York State Judge Pauses Case Seeking Control of 39,069 Inactive Bitcoin Wallets

Huoxing Finance reported that a New York Supreme Court judge has paused all activity in a lawsuit seeking a declaration of ownership over 39,069 dormant Bitcoin wallets, preventing any move for a default judgment ahead of a July 14 hearing. Justice Kathy J. King signed an "Order to Show Cause," which was publicly entered on the case docket on June 5. Court records show oral arguments are set for July 14 at 10:30 a.m. in Courtroom 6 of the New York court. The order directs that, before the hearing, "all further proceedings on the plaintiff's request for declaratory judgment shall be stayed, including any applications for discovery or default judgment." King also struck the phrase "and final determination" from the standard form language, signaling the stay runs only through the July 14 hearing rather than until a final ruling. In a separate decision filed the same day, King found that an earlier request for injunctive relief was moot, citing the plaintiff's Amended Complaint filed on May 1 and another docket entry.