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Digital Chamber amicus brief urges dismissal of NY lawsuit over 39,069 Bitcoin wallets

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2 outlets - including Cryptotimes and Cointelegraph - are covering this story. The trade group urged a New York court to dismiss a lawsuit seeking ownership of 39,069 dormant Bitcoin wallets worth an estimated $234 billion, arguing that blockchain inactivity alone does not prove abandonment.

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The Crypto Times News Jul 7, 11:52 UTC

Digital Chamber Seeks Dismissal of 39,069 Dormant BTC Lawsuit

The trade group urged a New York court to dismiss a lawsuit seeking ownership of 39,069 dormant Bitcoin wallets worth an estimated $234 billion, arguing that blockchain inactivity alone does not prove abandonment.

Digital Chamber amicus brief urges dismissal of NY lawsuit over 39,069 Bitcoin wallets
Cointelegraph Bitcoin Jul 7, 09:23 UTC

Digital Chamber amicus brief urges dismissal of NY lawsuit over 39,069 Bitcoin wallets

The Digital Chamber filed an amicus brief urging the dismissal of the New York lawsuit seeking ownership of 39,069 dormant Bitcoin wallets, arguing it would set a dangerous precedent for self-custodial wallets.