Ex-Ripple CTO David Schwartz Ridicules Lawsuit Over 3.8M Unclaimed Bitcoin
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Claimant 'Noah Doe' has filed a New York lawsuit seeking to seize 39,069 dormant wallets holding about 3.79 million BTC (worth hundreds of billions) under state unclaimed property laws. The action targets wallets tied to early miners and Casascius coins and creates material legal and custody risk for Bitcoin and the broader crypto market. Ex-Ripple CTO David Schwartz publicly ridiculed the suit, underscoring industry skepticism and potential reputational impact.
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- A lawsuit is trying to claim ownership of nearly 3.8 million Bitcoins.
- Plaintiffs argue NY abandoned property laws may allow the reclamation of lost crypto.
- David Schwartz responded sarcastically, saying BSV might honor the court order.
Ripple’s former Chief Technology Officer, David Schwartz, has publicly mocked a highly controversial lawsuit trying to claim ownership of nearly 3.8 million Bitcoins through New York’s unclaimed property laws.
The case focuses on a New York lawsuit filed by a claimant identified as “Noah Doe.” The lawsuit is reportedly trying to claim ownership of 39,069 dormant Bitcoin wallets holding about 3.79 million BTC, which is worth hundreds of billions of dollars at today’s prices.
What makes this especially controversial is that the wallets in question are supposedly linked to early Bitcoin miners, Casascius physical coins, unknow…
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