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This week, the Bitcoin Policy Institute (BPI) filed to intervene as a defendant on July 10 in a New York lawsuit seeking legal title to nearly 40,000 dormant bitcoin addresses, adding an institutional voice to a case that already pits plaintiffs’ counsel against a proposed amicus curiae. The filing lands in ABC Company, XYZ Company, … Read more
Apple filed a 41-page complaint against OpenAI in the U.S. District Court for the Northern District of California on July 10, accusing the ChatGPT maker of a coordinated campaign to steal hardware trade secrets. OpenAI says it has “no interest in other companies’ trade secrets.” Two Tech Behemoths Collide The lawsuit, filed Friday in federal … Read more
A pseudonymous bitcoin holder has become the first named defendant to challenge New York’s closely watched lawsuit seeking ownership of roughly 3.8 million BTC, as another wallet named in the case moved 500 BTC on July 2, further undermining claims the coins were abandoned. Inside the $293 Billion Bitcoin Claim The lawsuit, filed March 11, … Read more
Onchain records show yet another Casascius physical bitcoin has been redeemed, this time from an address originally created on Nov. 1, 2011. The plot thickens, however, because the spend traces back to another dormant wallet tied to the sprawling New York Supreme Court case Noah Doe v. John Does 1–39,069, adding one more chapter to … Read more
A New York attorney intervened to stop what could have been the largest courtroom judgment in bitcoin in history, filing an amicus brief that persuaded a judge to freeze proceedings targeting nearly 40,000 dormant wallets collectively holding an estimated 3.8 million BTC. 2011-Era Coins Are Moving The legal battle is unfolding alongside a wave of … Read more
A bitcoin wallet, silent since March 27, 2011, moved 35.55 BTC worth approximately $2.54 million on June 2, 2026, not too long after being named as a defendant in a New York court case that claims nearly 3.8 million dormant bitcoins are legally abandoned property. The Move Noah Doe Likely Did Not Expect Galaxy Research … Read more
A federal judge dismissed Swan Bitcoin’s entire lawsuit against Proton Management Ltd. and its employees on June 1, 2026, after Swan admitted in parallel UK proceedings that it never owned the mining assets and trade secrets at the center of its claims. Case Collapses on Its Own Premise Swan filed the original suit in California … Read more
The CFTC says its Gemini crypto case should never have been filed under current enforcement standards. The agency has joined Gemini in asking a federal court to remove remaining settlement restrictions after monetary penalties were already satisfied. CFTC Review of Gemini Case Reshapes Crypto Enforcement The Commodity Futures Trading Commission (CFTC) brought its effort to … Read more
Timechainindex.com founder Sani first posted the news on X, drawing attention to a quietly filed New York Supreme Court case in which three anonymous plaintiffs are seeking legal title to roughly 3.8 million BTC worth approximately $293 billion, a pool of dormant coins that includes addresses widely attributed to Bitcoin creator Satoshi Nakamoto. Galaxy Research’s … Read more
Fenwick & West LLP, the Silicon Valley law firm that served as lead outside counsel for collapsed crypto exchange FTX, agreed to pay $54 million to settle a federal class-action lawsuit filed by former FTX customers. Lawfirm Cuts $54M Deal With FTX Customers After Lead Counsel Allegations The proposed settlement was filed this week in … Read more