New York court pauses Satoshi-wallet Bitcoin ownership fight as Cohen opposes revived $238B claim

A New York court has stayed a lawsuit seeking ownership of Bitcoin wallets reportedly linked to Satoshi Nakamoto, according to comments relayed by Galaxy Head of Research Alex Thorn. The stay comes as the court reviews challenges to claims of control over “dormant” Bitcoin addresses, with one attorney arguing that the addresses remain owned through the associated private keys ^[1].

Separately, attorney Ian R. Cohen has filed rebuttal materials opposing efforts to revive litigation that targets approximately 3.8 million Bitcoin—valued in the reporting at roughly $238 billion—connected to the purported Satoshi wallets. Coverage of the dispute also describes a New York case involving “Noah Doe” and tens of thousands of wallet addresses, with the matter centered on whether the plaintiff can overturn an earlier court-ordered stay ^{[2] [3]}.

Other reporting on the same broader set of proceedings says that around 200 BTC moved from a named wallet while two lawyers argued over the “Noah Doe” case, described in one account as involving a valuation around $293 billion ^[4].

The New York court’s pause in the Satoshi-linked ownership litigation and the parties’ attempts to challenge or revive that stay are likely to shape how similar claims about dormant cryptocurrency addresses are litigated in the future ^{[1] [3]}.