Six Decade‑Old Bitcoin Wallets Move $40 Million in 10 Days
The transactions could affect a New York lost‑property lawsuit by creating fresh uncertainty about who controls the moved coins.
Overview
- Galaxy Research tracked six wallets created in 2011, 2012, and 2014 that moved a combined 553.59 BTC, worth about $40.15 million, between Aug. 16 and Aug. 26, 2026.
- Two of the moved addresses carry labels tied to the Noah Doe case, a New York suit seeking control of 39,069 dormant Bitcoin addresses under state lost‑property law.
- One transfer of 40 BTC went to an address labeled Boerse Stuttgart Digital while the other five destinations lack confirmed exchange or custodial tags, so the on‑chain moves do not prove sales.
- Security worries from a Coldcard firmware flaw that weakened seed randomness and led to attacker drains this summer provide a plausible reason some holders moved coins, but analysts say that explanation does not cover all reactivations.
- The Noah Doe proceedings remain paused on key remedies and the recent address activity has already led plaintiffs to remove some named wallets from the suit, creating practical and tax recordkeeping questions for owners and courts going forward.