A Bitcoin address that has been dormant for nearly 15 years makes a new transaction of about $1.9 million in BTC, according to reports referencing blockchain analytics. The address, identified as “1KV47,” is listed among thousands of holdings targeted by a New York lawsuit that seeks to establish ownership over inactive Bitcoin addresses. Data cited from Galaxy Research shows the wallet’s first outgoing transfer since August 2011, with a transfer of roughly 1.88 million in value at the time reported. The wallet has been inactive for approximately 15 years, according to the accounts. The lawsuit reportedly includes a large set of Bitcoin addresses—39,069 listed in the complaint—raising questions about whether the assets have current owners and what role the transactions may play in proceedings. The news coverage frames the move as coinciding with the ongoing legal action, while the underlying ownership dispute remains part of the lawsuit’s claims and court process.
Dormant 15-Year Bitcoin Wallet Moves $1.9M Amid New York Lawsuit
A Bitcoin address that has been dormant for nearly 15 years makes a new transaction of about $1.9 million in BTC, according to reports referencing blockchain analytics. The address, identified as “1KV...
- A Bitcoin address labeled “1KV47” had been dormant for about 15 years before making a new outgoing transfer.
- The wallet makes its first outgoing transfer since August 2011, according to blockchain data cited by outlets.
- The value of the move is reported at about $1.88 million to $1.9 million in BTC.
- A New York lawsuit seeks ownership of thousands of inactive Bitcoin holdings and lists many addresses, including “1KV47.”
- The reported transaction occurs while the lawsuit remains ongoing.
A Bitcoin address that was dormant for 15 years transferred $1.88 million on Saturday (July 4), Cointelegraph reported Monday (July 6). Bitcoin address “1KV47” made its first outgoing transfer since August 2011, according to the report, which cited data from Galaxy Research. The address is one of 39,069 listed in a New York lawsuit filed […] The post Dormant Bitcoin Address Reawakens During Crypto Lawsuit appeared first on PYMNTS.com.
2 hours agoA Bitcoin address dormant for nearly 15 years moved $1.9 million in BTC as a New York lawsuit seeks ownership of thousands of inactive holdings.
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