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Bitcoin Policy Institute steps up as defendant in lawsuit to claim dormant BTC
Jul 11, 2026
< 1 min read
by Hannah Collymore
for CryptoPolitan
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The Bitcoin Policy Institute has intervened in a New York County Supreme Court lawsuit seeking ownership of about 3.7 million Bitcoin by claiming untouched coins are "abandoned property" under state law. BPI's involvement highlights a major legal risk to Bitcoin holders and adoption, and its defense could help preserve custody rights, market confidence and legal precedent for crypto ownership.
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The Bitcoin Policy Institute (BPI), a nonprofit research group, has officially stepped in to fight a lawsuit that seeks to claim ownership of about 3.7 million Bitcoin. The case, filed in New York County Supreme Court, argues that Bitcoin left untouched for years should be treated as “abandoned property” under state law. The plaintiffs, led...
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In This News
Coins
$ 63.44K
-2.68%$ 0.00168
Predictions Markets
See what traders are focused on
Share: